Certificate of deposit and pen on a desk

CDs & IRAs

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Certificates of Deposit (CDs)

Slow and steady wins the race. Just ask the tortoise. But at Great Rivers Bank, your CD investments don't have to be that slow. Great Rivers Bank provides a secure place to invest your money. Boost your earnings today.

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Summary
  • Fixed rate locked for length of term
  • Terms from 3 months to 4 years
  • Penalty for early withdrawal
  • Greater rates for longer terms
  • FDIC-insured investment

See our current interest rates.

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Individual Retirement Accounts (IRA)

While there's no such thing as a free ride, an IRA is your ticket to a secure financial future. We don't charge any setup or maintenance fees at Great Rivers Bank, so maybe there is a free ride after all.

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We offer both traditional and Roth IRAs with excellent tax benefits. Fund your future now, while your earning power is at its peak.

Summary
  • Tax-advantaged retirement savings
  • Competitive interest above standard savings rates
  • No setup or maintenance fees
  • $5,000 contribution limit per year
  • Additional $1,000 “catch-up” contribution allowed for ages 50+
  • Funds can be used to purchase Time Deposit Open Accounts within IRA
  • No minimum deposit to open
  • FDIC insured

See our current interest rates.

Traditional IRA
  • No income limits to open
  • Contributions are tax deductible on state and federal income tax*
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty**
  • Mandatory withdrawals at age 70½
  Roth IRA
  • Adjusted gross income must be less than $131,000 to contribute ($193,000 for joint filers)
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal
  • Principal contributions can be withdrawn without penalty*
  • Withdrawals on interest can begin at age 59½
  • Early withdrawals on interest subject to penalty**
  • No mandatory distribution age

See our current interest rates.

*Consult with a tax advisor

**Certain exceptions apply, such as healthcare, purchasing first home, etc.