Certificate of Deposit
Fixed Rate CDs
- Minimize market risk
- Certificates available for terms of 3 months to 5 years.
- Minimum opening deposit $1,000
- Early withdrawal penalties may apply
The Flexible CD
In the current economic market with rising rates forecasted, many clients are concerned about locking in a rate only to have the rates go up within a month and be out of luck. No need to worry any more! Now you can “hedge your bet” with our flexible CD. With this option, you have the opportunity to lock in a great rate today, and then once during your CD term, whenever you choose, you can bump your rate to the current rate offered by Midtown Bank.
- Minimize market risk
- Certificates available for terms of 12 months
- Minimum opening deposit $1,000
- Early withdrawal penalties may apply
- Bumping the rate of your Certificate of Deposit will extend the maturity date 12 months from the date of the rate increase.
IRA CD's
This is a traditional IRA and is the perfect retirement vehicle. Save for retirement in a tax deferred IRA and earn great rates.
- Earn competitive rates of interest
- Certificates available for terms of 12 months to 5 years
- Minimum opening deposit $500
- Early withdrawal penalties may apply
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