Building on Our Heritage of Community Pride

CDs & IRAs

Certificates of Deposit 

Certificates of Deposit are an ideal way to save. You can earn a higher rate on your deposits by locking into a specified term. 

  • Minimum opening deposit and minimum balance of $1,000 
  • Interest is compounded monthly 
  • Automatically renews at maturity at the current rate being offered 
  • Competitive rates

Substantial penalty may be imposed for early withdrawal 

Fees could reduce the earnings on the account 

Individual Retirement Accounts

Individual Retirement Accounts are a great savings plan for your retirement years while at the same time receiving special tax benefits. 

  • Minimum opening deposit of $1,000.00 
  • Allows you to save for retirement, sheltering your earnings until distribution 
  • Interest is compounded monthly 
  • Competitive rates

Substantial penalty may be imposed for early withdrawal 

 

Beginning January 1, 2010 Bank of Belle Glade will no longer participate in the FDIC’s Transaction Account Guarantee Program. Thus, after December 31, 2009, funds held in noninterest-bearing transaction accounts will no longer be guaranteed in full under the Transaction Account Guarantee Program, but will be insured up to $250,000 under the FDIC’s general deposit insurance rules.

©Copyright 2012 Bank of Belle Glade. Member FDIC. Equal Housing Lender.