Safe and Secure Northwoods Bank Certificates of Deposits
Maximize your earnings with a safe and secure investment in a Northwoods Bank fixed term Certificate of Deposit (CD). We offer competitive rates and your funds are insured by the FDIC to the maximum allowable limit.
We have a variety of terms available from 91 days to 5 years. CDs over 12 months have interest compounded. Low $1,000 minimum deposit. Early withdrawal penalties may be applied.
See a Northwoods Bank Personal Banker for more information.
IRAs
Northwoods Bank of MN has Traditional and Roth IRA’s. Nearly everyone under age 70 ½ and has earned income is eligible to contribute to an IRA. These contributions may or may not be tax deductible when filing an income tax return. At Northwoods Bank your IRA contribution can be invested in a safe and secure certificate of deposit or a savings account, you choose how much and where. Deposits up to $250,000 are FDIC insured. Once you have consulted your tax or legal professional for guidance, please contact us to start saving for your future.
