CDs and IRAs

Whether it's saving for your child's education, a new car, or putting aside a little extra for your retirement, American Federal makes it easy with our "Ready When You Are" CDs!

Certificate of Deposit (CD)

• Competitive fixed rates that are guaranteed on the date of purchase or renewal for the entire term;
• Premium rates for accounts opened for $20,000.00 or more;
• Interest compounds daily;
• You choose the term;
• Minimum to open $1,000.00; and
• Renews automatically at maturity.

Individual Retirement Account (IRA)

Let us help you start saving for retirement! Your deposit may be as little as $50.00 at a time. We offer both Traditional and Roth IRAs.

Traditional IRA*

• Competitive variable rate; (may change quarterly)*
• Interest compounds daily;
• 18-month term;
• Renews automatically at maturity;
• $50.00 minimum to open; and
• Those who qualify can deduct all or part of the contribution on their taxes now, but will pay taxes on the earnings later.

*Interest rates and APR may change after account opening. 

Roth/Traditional IRA*

• Earn a One year fixed rate on a one year certificate;
• This fixed rate is guaranteed on the date of purchase or renewal for the entire term;
• One year term;
• Renews automatically at maturity;
• $50.00 minimum to open; and
• Roth - No up-front tax deduction, but for those who qualify for one, there is no tax on the earnings.
• Traditional - Those who qualify can deduct all or part of the contribution on their taxes now, but will pay taxes on the earnings later.

*Please pick-up an IRA brochure for full details.

Please request further information from an American Federal customer service representative concerning the fees and terms applicable to the advertised account.

View our helpful glossary of frequently used terms to help you make the right decisions.