father and son playing

CDs & IRAs

Building blocks for a brighter future

Like everyone, you have goals. And dreams. Maybe it's a bigger house, a new boat or something special for your family. Or maybe it's years of relaxation after retirement. In any case, you'll need some way to pay for it all. At KodaBank, we can help. With our CDs and IRAs, you can grow your savings at an exceptional rate and be financially ready for whatever tomorrow brings.

Certificates of Deposit

  • Invest for anywhere from 3 months to five years
  • Earn higher interest than you would on a traditional savings account
  • Minimum deposit of $1,000
  • Tiered rate structure means that bigger balances can earn even higher returns

Individual Retirement Accounts

  • Choice of Traditional and Roth IRAs
  • Save for retirement while enjoying potential short-term and long-term tax benefits
  • Education IRAs also available to cover eligible primary, secondary and college education costs
  • No annual fees
  • Accounts protected by Federal Deposit Insurance Corp. 
 
Amount of CD
3 Month Rate 3 Month APY** 6 Month Rate 6 Month APY** 12 Month Rate 12 Month APY** 24 Month Rate 24 Month APY** 36 Month Rate 36 Month APY** 48 Month Rate 48 Month APY** 60 Month Rate 60 Month APY**
$1,000-$24,999* 0.15%
0.15% 0.30%
0.30% 0.50%
0.50% 0.60% 0.60% 0.70% 0.70% 0.80% 0.80% 0.90% 0.90%
$25,000-$99,999* 0.20% 0.20% 0.35% 0.35% 0.60% 0.60% 0.65% 0.65% 0.80% 0.80% 0.90% 0.90% 1.00% 1.00%
$100,000 and over*
0.25% 0.25% 0.40% 0.40% 0.70% 0.70% 0.70% 0.70% 0.90% 0.90% 1.00% 1.00% 1.10% 1.10%
 
 
Rates Effective August 14, 2020
*A penalty may be imposed for early withdrawal
**APY = Annual Percentage Yield