Personal Savings Account
Traditional Certificates of Deposit
A Certificate of Deposit is a smart way to have your money work for you with no exposure to risk and the earned interest is always accessible. Interest earned on your CDs can be withdrawn without penalty**. Plus you get the peace of mind knowing that CDs are 100% backed by the FDIC up to $250,000.*** per person on the account. As an added bonus CDs often offer a much higher interest yield than money market accounts. Come see us at Gold Coast Bank and get a CD that fits your budget and your lifestyle. You'll be glad you did!
*The Annual Percentage Yields (APY) are effective as of 2/1/2018. This offer is available for new CD accounts opened at any of our seven Gold Coast Bank branch locations. APY available for all new 12-month, 24-month, 36-month, 48-month and 60-month CDs opened with deposits not currently held at Gold Coast Bank. Minimum balance of $1,000.00 required to open and obtain the APY. The annual percentage yield assumes interest remains on deposit until maturity. **A withdrawal will reduce earnings. A penalty will be imposed for early withdrawal. This offer may be withdrawn without notice. ***If an individual has multiple accounts with the same title, balances of the accounts are added and insured up to $250,000. and not insured individually. Call a Gold Coast Bank representative for complete details.
*Traditional IRA Plans
A Traditional IRA is a way to save for retirement that gives you tax advantages. Contributions you make to a traditional IRA may be fully or partially deductible, depending on your circumstances (Contributions are fully deductible for all individuals who are not active participants in employer-sponsored plans or for plan participants within certain income ranges.) Generally, amounts in your traditional IRA (including earnings and gains) are not taxed until distributed.
If you are under age 70 ½ , and you or your spouse earn taxable income, you qualify, with no income limitations.
*ROTH IRA Plans
A Roth IRA is an individual retirement account that offers tax-free growth and tax-free withdrawals in retirement. Roth IRA rules dictate that as long as you've owned your account for 5 years* and you're age 59½ or older, you can withdraw your money tax free. Withdrawals before age 59 ½ may be subject to taxes and penalty. IRA can be passed on to your beneficiaries, and their withdrawals will be tax-free. Contributions are not tax deductible.
*Income restrictions may apply.
Visit a local Gold Coast Bank branch and speak with a Representative for additional details and assistance with opening your account.
*Consult Your Tax Advisor Prior to Account Opening