CDs & IRAs

No matter what amount of money you want to put aside, we want to help you make it grow. Whether your savings goals are short term or long, we can suggest a savings plan to meet your specific needs.

Certificate of Deposit Accounts

  Open an account today!

Fairfield National Bank offers a wide variety of certificates of deposit to meet your investment needs. We offer terms ranging from 7 days up to 5 years. Click here to see minimum balance requirements and current interest rates.

 

Repurchase Agreements

Stable and prudent savers accumulate funds and may exceed the $100,000 FDIC Insurance coverage. A repurchase agreement allows you to earn interest with your personal holdings so you can keep your funds together at our institution. Call or stop by one of our locations to talk to an officer about a repurchase agreement today.

Term
Any number of days from one day to 365 days (1year).

Rate Information
The rate of interest is .05 basis points more than an equivalent certificate of deposit.
Click here for current CD rates. Interest is paid at maturity.

Collateral
Government agency securities from the bank’s investment portfolio will be pledged to  personal holdings of the customer’s investment.

 

Individual Retirement Accounts (IRA) 

Open an account today!

Fairfield National Bank offers traditional, Roth, and Education IRA’s. When an IRA is opened it is deposited into a Certificate of Deposit. We offer three investment periods. Click here for current IRA rates.

The 18-month certificate is a variable rate CD. The interest rate is subject to change at the first of each month. Interest is compounded monthly and a minimum deposit of $100.00 is required to open the account. Additional deposits can be made to this account.

The 30-month certificate is a fixed rate CD. Interest is compounded semi-annually. A minimum deposit of $500.00 is required to open this account. No additional deposits can be made to this account.

The 5-year certificate is a fixed rate CD. Interest is compounded semi-annually. A minimum deposit of $500.00 is required to open this account. No additional deposits can be made to this account.

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