CDs & IRAs

Maximize your savings potential with competitive interest rates in a Certificate of Deposit or start thinking about the future with one of our IRAs. We offer a variety of options to help you.

Certificate of Deposits (CDs)

Choose the term that’s right for you. Enjoy a secure, fixed rate investment option with attractive returns. See new accounts personnel for rates and terms.

Individual Retirement Accounts (IRAs)

It’s never too early to be thinking about retirement. Whether your goal is higher education for your children or retirement for yourself, we offer a product to help you reach your goals.

DWB offers both Traditional and Roth IRAs for your retirement. We encourage you to contact your tax advisor to discuss your tax deductibility status when making retirement decisions.

IRA Comparison Table

	Traditional IRA	Roth IRA
FDIC Insured	Up to $250,000	Up to $250,000
Eligible Age	Before the year in which you turn 70 1/2	None
Annual Contributions	Not Required	Not Required
Maximum Annual Contributions	$5,500 $6,500 for those 50+	$5,500 $6,500 for those 50+
Spousal Contributions	Accepted	Accepted
Contribution Due	April 15th of the next calendar year	April 15th of the next calendar year
Tax Consequences	Tax-deferred earning. Contributions may be tax deductible	Tax-Free distributions at retirement. Contributions are made with post-tax dollars.
Distributions	Must begin by April 1st following the year you reach age 70 ½	No mandatory disbursements