Certificates of Deposit
You work hard for your savings, and your money should do the same. A Certificate of Deposit (CD) helps your savings grow at a steady pace, without the ups and downs of the market. You choose the term that fits your timeline, and we’ll take care of the rest.
Individual Retirement Accounts
Build the kind of retirement you want, one steady step at a time. An IRA helps you save for the future while offering tax benefits that can make a real difference over time. Our local team will help you understand which IRA fits your goals, and answer any questions you may have along the way.
Traditional Versus Roth IRA Calculator
Get a simple estimate of how your savings may grow over time with an ENB IRA. Use this rates calculator to discover which type of IRA is right for you.
Savings and Money Market Accounts
Choosing the right savings or money market account can make it easier to handle life’s “just in case” moments – or plan for something you’ve had your eye on. Whether you’re building an emergency cushion or saving for a big purchase, we’re here to help you find an account that fits your goals and keeps you moving forward.
Financial Know-How Starts Here
From helping you manage your budget to saving for big moments, our team has you covered.
CD and IRA FAQs
A Certificate of Deposit (CD) is a savings account that holds your money for a fixed period of time – anywhere from a few months to several years – in exchange for a guaranteed interest rate that’s typically higher than regular savings accounts. During this time, your money grows steadily without the temptation to dip into it, making CDs ideal for goals with a clear timeline. At ENB, we offer flexible CD terms to help you maximize your savings while keeping your financial goals on track.
When your CD reaches maturity at ENB, you have several options: you can withdraw your original deposit plus the interest you’ve earned, roll it over into a new CD to continue growing your savings, or transfer the funds to another ENB account. We’ll notify you before your CD matures so you have time to decide what works best for your financial goals.
Yes, withdrawing funds from your CD before it reaches maturity typically results in an early withdrawal penalty, which means you’ll forfeit a portion of the interest earned. The specific penalty depends on the term of your CD, so we encourage you to review the terms when opening your account or contact us if you have questions about your specific situation. At ENB, we’re here to help you choose a CD term that aligns with your timeline so you can avoid early withdrawal and maximize your earnings.
A CD could be a great fit if you have money you won’t need for a specific period of time and want to earn a higher interest rate than a traditional savings account offers. CDs work especially well when you’re saving for a goal with a clear timeline – like a down payment, a vacation, or a major purchase – and want the discipline of keeping those funds untouched while they grow. If you’re unsure whether a CD aligns with your financial goals, our ENB team is here to help you explore your options and find the right savings solution for your situation.
An IRA (Individual Retirement Account) is a tax-advantaged savings account designed to help you build a secure financial future for retirement. Unlike a regular savings account, an IRA offers special tax benefits that allow your money to grow more efficiently over time. At ENB, we offer IRA options that make it easy to start saving for the retirement you envision, no matter where you are in your career.
The main difference between a Traditional IRA and a Roth IRA is when you receive the tax benefit. With a Traditional IRA, your contributions may be tax-deductible now, and your money grows tax-deferred until you withdraw it in retirement, when it’s taxed as income. With a Roth IRA, you contribute money that’s already been taxed, but your withdrawals in retirement are completely tax-free, including all the growth your account has earned. The right choice depends on your current tax situation and your retirement goals, and our ENB team can help you decide which option works best for you.
For 2026, the standard IRA contribution limit is $7,500, with an additional $1,100 catch-up contribution for those 50 and older, totaling $8,600; these limits apply to both Traditional and Roth IRAs, though income restrictions affect Roth eligibility and deductions for Traditional IRAs.
An ENB IRA gives you a smart, tax-advantaged way to grow your retirement savings with the security and personal service of a trusted local bank. Whether you choose a Traditional or Roth IRA, your money earns competitive interest while you benefit from tax advantages that help your savings grow faster than they would in a regular account. Plus, our experienced team is here to answer your questions, help you understand your options, and support you every step of the way as you work toward the retirement you deserve.
- *Consult your tax advisor.
