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CDs & IRAs

July 30, 2025 7:29 AM

Be Aware of Social Engineering Scams!

First Piedmont will never contact you and ask for your account number, debit card number, social security number, or other personal identifying information; we already know it. If you are contacted by someone who identifies themselves as an employee or associate of First Piedmont and they ask you to provide the type of identifying information mentioned above, DO NOT provide it. Instead, hang up and contact your local branch office so they can verify the calls legitimacy.

If you have a question, would like to meet with a loan officer or open a new deposit account please call 864-489-6046 and we will be glad to answer your questions over the phone or set up an appointment with a member of our staff. You can also email us at questions@firstpiedmont.com. Thank you for your cooperation.

First Piedmont – Our “Prime Interest” is YOU!

CDs
IRAs

Terms: 7 Days to 5 Years

7 - 31 Days CD Terms:

$2,500.00 minimum opening deposit
$2,500.00 minimum balance required

91 Days - 5 Years CD Terms:

$100.00 minimum opening deposit
$100.00 minimum balance required

Both Term Options:

Grace period of 7 days from maturity date to withdraw funds or change account terms. Penalty for early withdrawal.
Fees may reduce earnings

Regular CD

Amounts less than $100,000.00

Fixed Rates:

Term 1 Year or less - Interest paid at maturity
Term over 1 year - Interest paid quarterly

Variable Rates:

Interest paid monthly

All Rate Options:

May deposit anytime
Interest rate and annual percentage yield may change at our discretion.
Grace period of 7 days from maturity date to withdraw funds or change account terms. Penalty for early withdrawal.
Fees may reduce earnings

Jumbo CD

Amounts of $100,000.00 and over

30 Days to 1 Year Terms:

Interest paid at maturity
Grace period of 7 days from maturity date to withdraw funds or change account terms. Penalty for early withdrawal.
Fees may reduce earnings

Traditional IRA

Tax-deferred retirement savings
Tax deductible contributions

Roth IRA

Retirement savings
Qualified withdrawals are tax free

Education IRA

Tax-deferred earnings and qualified distributions are tax free for higher education expenses

Tax rules can be complicated, this information is intended to serve as a general overview. Before making any decisions, you should speak with a qualified tax advisor for deductibility and contribution limits.

Personal Banking