CDs & IRAs

In addition to traditional savings accounts, Haverhill Bank offers flexible CD terms. Planning for retirement? Take advantage of our various IRA options. Whatever your future plans and financial goals, Haverhill Bank has the savings product that will make your money work for you.

With flexible terms from 3 months to 5 years, you are sure to find the best option for your financial goals.

No matter what your age is or what your retirement goals are, an IRA is always a great idea. Haverhill Bank offers a variety of IRA's with flexible terms to fit your needs.

^{Haverhill Bank always reserves the right to only open deposit accounts for consumers and businesses in our assessment area.}

Certificates of Deposit

Interest rates are fixed and guaranteed for the full term of your deposit. Convenient terms covering time periods from 90 days to five years are available to fit your specific needs or goals. Minimum balance is only $500 and interest on term deposits compounds monthly.

Features

$500 minimum balance required to open and to earn interest
Interest on term deposits is compounded monthly
Flexible terms available

Minimum balance required to open account is $500.00. Minimum daily average balance to earn the Annual Percentage Yield is $500.00. Interest compounded monthly. A penalty may be imposed for withdrawal before maturity. Withdrawal of interest will reduce earnings.

Please see Terms & Conditions for full account details.

Individual Retirement Accounts

Save on taxes now and plan for your retirement. Accounts can be opened with as little as $25. Choose from Traditional Individual Retirement Accounts, Roth IRA's or Coverdell Savings Accounts. Each is fully insured with guaranteed interest, no risk to principal and a variety of terms available.

IRA Account Types

Traditional IRA's

The benefit of a traditional IRA is that your contribution is tax deductible. Taxes come due in retirement when you take distributions, or make withdrawals, from the IRA.

Roth IRAs

The benefit of a Roth IRA is that your withdrawals in retirement are not taxed. A Roth IRA operates in reverse of a traditional IRA: You pay taxes upfront, meaning your contributions are not tax deductible.

Coverdell Savings Accounts

A Coverdell Savings Account is similar to a Roth IRA in that they both allow you to make an annual non-deductible contribution to a specially designated investment trust account. While Roth IRA's benefit you in retirement, Coverdell Savings Accounts are a savings plan for higher education, used to cover costs such as tuition, fees, books and other qualified educational expenses.

View Rates

Minimum balance required to open account is $25.00. Minimum daily average balance to earn the Annual Percentage Yield is $10.00. Interest compounded monthly. A penalty may be imposed for withdrawal before maturity. Withdrawal of interest will reduce earnings.