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CDs & IRAs

September 27, 2022 12:23 AM

It is your money, don't lose it, protect it!

Fraud and social engineering Scams are at an all time high. Do not give your sign-on ID or Password to anyone. If, you give your password to others, the loss of your money will become your responsibility. Please protect your account information and your password.

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 ibank@firstpiedmont.com. Thank you for your cooperation during this unusual period.

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