Certificates of Deposit & IRAs

Prepare for the future with CDs as a savings tool or plan your long term goals for retirement with a convenient IRA. Visit one of our convenient locations to apply today. 

Contact us for appointment Locations & Hours

Certificates of Deposit

Prepare for the future with CDs as a savings tool or plan your long term goals for retirement with a convenient IRA. Visit one of our Columbia, TN locations to apply today.

PERSONAL CDS AND IRASCDs
Length of Deposit 1 to 60 months
Opening Deposit $1,000
Fixed Rates Yes
Fees None
Early withdrawal Penalty Yes*

*An early withdrawal penalty will not be imposed following the death of an account holder or for extenuating health issues.

Deposits are insured by the Federal Deposit Insurance Corporation (FDIC) to at least $250,000 for each depositor while IRAs are separately insured up to $250,000 by the FDIC. For complete information on FDIC insurance please contact a Heritage Bank & Trust Client Banker at 931.388.1970 or consult the FDIC website at

When will you be financially Independent?

  • Calculate how much you need to save to reach your ideal retirement age.

Calculators

IRA Options

Traditional IRA

Roth IRA

FDIC Insured Up to $250,000 Up to $250,000
Eligible age Before the year in which you turn 70.5

None

Income Limits None

Single - $116,000-$131,000

Married filing jointly - $183,000-$193,000

Married filing individually - $0-$10,000

Annual contributions Not Required Not Required
Maximum annual contributions $5,500; $6,500 for those older than 50 $5,500; $6,500 for those older than 50
Spousal contributions Accepted Accepted

Business Certificates of Deposit

Heritage Bank & Trust offers CDs for businesses that are easy to save and provide funds for the future.

Locations

PERSONAL CDS AND IRASCDs
Length of Deposit 1 to 60 months
Opening Deposit $1,000
Fixed Rates Yes
Fees None
Early withdrawal Penalty Yes*

* An early withdrawal penalty will not be imposed following the death of a business owner who is an account owner on the CD.

For full account details and disclosures, visit us at one of our locations or contact a Client Banker at 931.388.1970.

 

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