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 DEPOSIT

INDIVIDUAL RETIREMENT ACCOUNTS

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	0.03%
2 months	0.03%
3 months	0.03%
6 months	0.03%
9 months	0.03%
3 year bump up**	0.30%

Certificate of Deposit/IRA*	Annual percentage yield (APY)
12 months	0.05%
14 months**	0.20%
18 months	0.10%
24 months	0.15%
36 months	0.20%
48 months	0.25%
60 months	0.30%

*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 10/22/2021

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