It's important to have both short- and long-term savings goals. That’s why, we offer additional options—and the ability to lock in a rate—for those who can set aside funds for a certain amount of time. Choose from our CD, IRA, and CDARs programs and watch your money grow.
ANBTX offers traditional time deposits, also known as Certificates of Deposit (CDs) with a variety of terms.
A great investment tool for parents, or anyone planning on paying for college, the ANBTX College CD offers a higher fixed interest rate with a pre-selected maturity date. As an added feature, you can make additional deposits at any time during the term of the CD.
An ANBTX IRA is just like a CD except it's designed specifically for retirement money. Individuals (who earn income or receive alimony) can contribute a designated amount each year in accordance to IRS guidelines.
Have a 401(k) from a previous employer? We can help. Simply rollover and park those funds with an ANBTX IRA, offering an additional savings solution.
For larger savings amounts, you may also choose to participate in our CDARs program. It’s a smart and easy way to access FDIC insurance on all of your deposits.
How does it work? Instead of opening CD accounts at multiple banks, as a CDARS Network member, we can place your funds into CDs issued by other financial institution members in increments below the FDIC insurance maximum of $250,000. This ensures both the principal and interest are eligible for FDIC insurance.
Contact us to learn more about our savings solutions.