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Certificates of Deposit and Individual Retirement Accounts

Certificates of Deposit (CD) with Panola National Bank are a secured savings option that lets you lock into a rate for a set period of time.  If you are looking for a stable, FDIC insured savings option with secured returns, a Certificate of Deposit with Panola National Bank is a great choice for your money. 

Panola National Bank offers you a variety of Certificates of Deposit and interest payment options to meet your specific needs.  Whether you are saving for a vehicle, home, dream vacation or college tuition, Panola National Bank can help you meet your financial goals.  In addition, we provide the quality and personalized service you expect from your bank. 

Have you considered the tax benefits of an Individual Retirement Account (IRA)?  Good planning now can make your retirement years enjoyable and ease the financial burden later.  Our professional staff will take the time to discuss your needs and place you in the account best suited to achieve your financial goals for retirement. 

• Low initial deposits to start your CD and IRA
  The CD minimum is $1,000 and the IRA minimum is $250

• Terms Range from Seven Days to Thirty Months
  Various terms give you more options.

• Rates Will Remain at a Fixed Rate of Interest
  Your interest rate will never go down during the term of the CD or IRA.

• Interest is Compounded
  Compounding interest grows quicker so your money works harder for you.
  Interest is compounded quarterly on a CD or IRA with a maturity of twelve months or longer.  For a CD or IRA of less than three months, interest is compounded at maturity.

• Safe Investment
  Your investment is safe because Panola National Bank is an FDIC-insured institution.  There is new coverage for retirement accounts which are insured up to $250,000 per owner.  Contact one of our account representatives for details on specific insurance coverage.

Click here to view our current rates.

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