CDs & IRAs

Certificates of Deposit

Looking for a secure investment with a higher return? Our CDs feature terms of as little as 91 days on up to five years. For young savers, the My Ca$h Sta$h CD features a low minimum deposit.

Individual Retirement Accounts

Franklin Savings Bank offers several IRAs to help secure your financial future.

  • Roth IRA.
  • Coverdell Education Savings Account.
  • Traditional IRA.

Depending on your filing status, you may make significant annual tax-deductible contributions now and earn tax-deferred interest right up until you withdraw. Another option is to deposit after-tax dollars now and withdraw tax-free upon retirement.

Please note: Interest is compounded and credited monthly on a 365/365 day basis. There is a substantial penalty for withdrawals prior to maturity on time deposits.