CDs, IRAs and More

Certificate of Deposit — No risk. Yes rewards.

   There aren’t too many absolutes in life, but a Certificate of Deposit (CD)1 from Cadence Bank is one of them. Your money goes in. Your interest adds up. Guaranteed. It’s a sure thing, and it comes with other benefits, including:

  • Minimum opening deposit of $500

  • No maintenance charge

  • Flexible terms from seven days to five years

Ask for our current competitive interest rates.  

IRAs — The Right Step to Retirement

If you’re like most people, you can’t wait to retire. But the trick is putting enough away so that your retirement savings will last as long as you do. An Individual Retirement Account (IRA) from Cadence Bank can help you build enough money to support your dreams of retirement. We’ve got the IRAs that will get you well on your way to enjoying some of the best years of your life.

Traditional IRA — Most traditional IRA account holders can deduct all, or part of, their contributions from their income taxes.2 And every traditional IRA gives you the advantage of earning tax-deferred compound interest.

Roth IRA — This non-tax-deductible account features tax-free withdrawals for certain distribution reasons after a five-year holding period.

Many investors open both a traditional IRA and a Roth IRA because the combination lets you customize your own blend of tax-deductible and nondeductible contributions to your retirement accounts. A Cadence Bank advisor can help you decide which is a greater priority: minimizing your taxes now through deduction or minimizing your taxes in the future with tax-free earnings.

All IRAs at Cadence Bank include:

  • Minimum opening deposit of $500

  • No service charge

Ask for our current competitive interest rates. 

Talk to a Cadence Bank financial advisor near you about which type of CD or IRA is right for you.

 

Market Investment Savings

Cadence Bank’s Market Investment Savings account grows your savings with attractive interest rates on higher balances, while allowing easy access to your money. Rates are competitive with short-term CDs and money market funds.

Features of Market Investment Savings include:

  • Minimum opening deposit of $50

  • No monthly service charge for a monthly average balance of $25,000 or more; $20 monthly service charge with a lower balance

  • Competitive interest rates paid monthly rather than quarterly on balances of $0 — $24,999 and $25,000 and higher

  • e-statements and monthly statements

  • Two withdrawals per month at no charge; $2 per withdrawal for more than two debits. Limit of six withdrawals per month.

  • 24/7 Telephone Banking

 

1  Limits on withdrawals may apply.  If you redeem your CD before it matures, an early withdrawal penalty will apply to the amount withdrawn. These penalties include:

  • One to six month term = penalty of 30 days interest
  • Seven to 36 month term = penalty of 90 days interest
  • Over 36 month term = penalty of 180 days interest

2 There is a substantial penalty for early withdrawal of IRA funds, including a tax penalty imposed by the IRS. Be sure to consult a tax advisor concerning the tax benefits of an IRA in your specific case.

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