Investing & Retirement

Certificates of Deposit

Do you have a sizable savings that you want to put to work? Consider a Certificate of Deposit (CD) from Capitol View. Our CDs offer various terms and investment levels. By locking in a term, you will earn substantially higher APYs than savings or money market accounts, however loose the liquidity those services offer. Contact us for more information or to open a new CD.

*Certificates are subject to early withdrawal penalties of 90 days interest for terms 12 months or less and 180 days interest for terms greater than 12 months.
Certificate of Deposit Rates
*IRA CDs are also available at these current rates.
TermMinimum BalanceRateAPY
1 Year*$2,5000.50%0.50%
1 Year*$10,0000.75%0.75%
2 Years*$2,5000.60%0.60%
2 Years*$10,0001.35%1.36%
13 Month Jumbo CD$25,0001.50%1.51%
21 Month Jumbo CD$25,0001.75%1.76%
3 Years*$2,5000.65%0.65%
3 Years*$10,0001.60%1.61%
5 Years*$2,5000.70%0.70%
5 Years*$10,0002.10%2.12%
Rates are as of December 6, 2017 and are subject to change.

Money Market Accounts

If you are looking for a low-risk way to invest your money a money market account at Capitol View is a great option. Our money market accounts offer superior APYs to our basic savings accounts and still allow you to access your money without penalty, which is different from CDs.

Like savings accounts, money market accounts fall under Reg D and thus electronic withdrawals are limited to no more than six per month by law. Click here to learn more about Reg D.

Click here to view current rates on money market accounts. Contact us for more information or to open a new money market.

Money Market Rates
Average Daily BalanceRateAPY
$1,000 - <$20,0000.15%0.15%
$20,000 - <$50,0000.40%0.40%
$50,000 - < $100,0000.50%0.50%
$100,000 or higher0.80%0.80%
Rates are as of December 6, 2017 and are subject to change.

IRAs

Individual Retirement Accounts (IRAs) offer various tax benefits for saving for retirement. Capitol View offers three IRA types, each with valuable features. Click here to view current rates on IRAs.

Explore each to determine which might be best for you. Consult your tax professional for tax advice regarding your IRA options.

Traditional IRAs:

  • Tax deferred
  • Tax deductible contributions possible
  • Contribute up to $5,500/year ($6,500/year if 50 years old or older)
  • Withdrawals are penalty free beginning at age 59 ½

Roth IRAs:

  • Tax free withdrawals of contributions (earnings are still taxable)
  • Contribute up to $5,500/year ($6,500/year if 50 years old or older)
  • Withdrawals are penalty-free, even before age 59 ½

Educational IRAs:

  • Tax deferred
  • Distributions are tax-free if used to pay for qualified education expenses

*IRA contributions cannot exceed the contribution limits, regardless if you have multiple IRAs at different institutions or IRAs of differing types. IRA contributions must be made using earned income. Contact your tax professional for tax advise.

IRA Account Rates
Traditional, Roth, & Education IRAs
Average Daily BalanceRateAPY
$100 or higher0.75%0.75%
Rates are as of December 6, 2017 and are subject to change.