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Deposits

Various Terms Available

18 Mth Variable Rate IRA
18 Mth Fixed Rate IRA
1 Year IRA
2 Year IRA
3 Year IRA
5 Year IRA
7 Year IRA
10 Year IRA

Individual Retirement Accounts (IRAs)

Dearborn Federal Savings Bank offers an attractive selection of Traditional IRA certificate of deposit accounts that will help you reach financial security during your retirement years.  These various investment terms provide an excellent way for you to plan and reach your retirement goals. There's simply no better place to bank than Dearborn Federal Savings Bank.  So call or stop in today and speak with any of our courteous, knowledgeable representatives to find out which product is right for you and experience “Excellence in Community Banking”.

  • $250.00 minimum opening deposit for 1 to 10 year investment terms; $100.00 minimum opening deposit for both fixed and variable rate 18 month investment terms 
  • Guaranteed fixed rates of interest (excluding variable rate account)
  • Eligible to receive roll-over contributions from other qualified plans such as employer sponsored 401K plans.
  • Automatic renewal for same term at maturity
  • Withdrawals from the account prior to the maturity date are subject to an early withdrawal penalty and possible IRS penalties

The Interest Rate and Annual Percentage Yield may change after account opening. Fees could reduce earnings on the account. All accounts insured by the FDIC to the maximum amounts allowed by law based on account ownership.

 
The Interest Rate and Annual Percentage Yield may change after account opening. Fees could reduce earnings on the account. All accounts insured by the FDIC to the maximum amounts allowed by law based on account ownership.