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Certificate of Deposit and Individual Retirement Accounts 

Retirement CoupleA certificate of deposit (CD) is a great alternative to a traditional savings account and earns higher yields while providing protection against fluctuating interest rates. An individual retirement account (IRA) is one of the easiest and most tax-friendly ways to save regularly and successfully for retirement. 

Our CDs and IRAs range in maturity periods from 7 days all the way up to a 10 years. With competitive rates and flexible maturity, you have the ability to augment your savings in a way that makes the most sense for you. And we're always happy to answer any questions you may have.

Certificate of Deposit and Individual Retirement Account Comparison:          

Account Features

3 Month money market Certificate of Deposit

Certificate of Deposit

Individual Retirement Accounts

Online Account Opening


Launch Online Application*


Minimum Opening Balance $500 $2,500

$250 fixed accounts

$50 variable accounts

Minimum Daily Balance Required to Avoid Monthly Service Charge

Monthly Service Charge

Withdrawal Fee $10 per withdrawal over 1 per month1 Penalty for early withdrawal2 Penalty for early withdrawal2
Competitive Interest Rate Compounded dailyTiered rates Compounded daily Compounded daily
Interest Paid on Collected Balances At maturity Varies Varies
Online Banking Free Free Free
Mobile Banking Free Free Free
Banner Bank-by-Phone Free Free Free
Additional Options and Features
  • Unlimited deposits
  • Terms from 7 days to 10 years
  • Terms from 7 days to 10 years
  • No IRA annual fee
  • Contributions may be tax deductible3

* Online application available on select terms; All others, please contact your local branch.

1Penalty of 7 days interest if withdrawal is made within 6 days of previous withdrawal. 2Early withdrawal penalty varies by term. Consult a Banner Bank Representative for details. 3Consult a tax advisor. Banner Bank.