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Steady, predictable growth you can plan around.

Lock in a competitive rate with a Certificate of Deposit, or plan for retirement with a Traditional or Roth IRA.

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Certificates of Deposit

Safe, secure, and predictable

Maximize your earnings with a fixed-term Certificate of Deposit. We offer competitive rates and your funds are FDIC insured to the maximum allowable limit.

91 days to 5 yrs

Variety of terms available

$1,000

Low minimum deposit

Compounded

Interest on terms over 12 months

FDIC

Insured to the maximum limit

Early withdrawal penalties may apply. See a Northwoods Bank personal banker for current rates.

Individual Retirement Accounts

Traditional or Roth, we will help you choose

Traditional IRA

Tax-deferred growth

Tax benefitsTax-deferred earnings, potentially deductible contributions
Minimum to open$250
Max contribution$6,500/yr ($7,500 if 50+)
Required distributionsAfter age 73
Annual feeNone

You must have earned income at least equal to your contribution and be under age 73.

Roth IRA

Tax-free growth

Tax benefitsTax-free earnings and tax-free withdrawals
Minimum to open$250
Max contribution$6,500/yr ($7,500 if 50+)
Required distributionsNone
Annual feeNone

You must have earned income, and your modified adjusted gross income must fall within IRS limits.

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Plan your next step

Get started online in minutes, or meet with a personal banker who will make it happen for you.

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