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CDs & IRAs

Looking for a long-term savings option?

Tompkins Mahopac Bank has the account for you.

Check out our CD and IRA options that will help you turn your money into a future.


Certificates of Deposit1

longer term savings.

  • We offer a wide range of CD terms at competitive rates
  • True Advantage customers qualify for an extra 0.20% APY2 on select CD terms
  • $1,000 minimum to open CD

1 There are penalties for early withdrawal from a CD or an IRA. Interest is compounded daily.
2 APY = Annual Percentage Yield

Individual Retirement Accounts

retirement savings.

  • Retirement savings plan for anyone with income from employment - for themselves and their non-employed spouses
  • Save for retirement and shelter current interest from taxes
  • A variety of CD terms available for both Roth and Traditional IRAs
  • Under certain circumstances, contributions are tax deductible (see your tax advisor for details)

There are penalties for early withdrawal from a CD or an IRA. Interest is compounded daily.

Current CD & IRA Rates

Certificate of Deposit
Annual percentage yield (APY)
1 months 0.05%
2 months 0.05% 
3 months 0.05%
6 months 0.05% 
9 months 0.05%
3 year bump up** 0.35%
Certificate of Deposit/IRA*
 Annual percentage yield (APY)
12  months 0.10% 
14 months** 0.25% 
18 months 0.15%
24 months 0.20% 
36 months 0.25%
48 months 0.30%
60 months 0.35% 

*1 - 60 Months $1,000.00 minimum to open

** There is no True Advantage bump up with 14 month special or the Bump Up CD

VARIABLE RATE IRA
 ANNUAL PERCENTAGE YIELD (APY)
$25,000 & Over 0.10%
< $25,000 0.10%
Please note these rates are subject to change at any time. Rates may change after the account is opened. Interest is compounded daily. Fees could reduce earnings on the account. A penalty may be imposed for early withdrawal.
Rates in effect as of  1/04/2021
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INTERESTED IN MORE INTEREST?

INTRODUCING OUR 3 YEAR BUMP UP CD

Thinking about putting money into a CD—but wondering if rates might go up? With the Tompkins Bump-Up CD, you can keep your options open.  

 

LEARN MORE ABOUT OUR BUMP UP CD