Business Certificates of Deposit (CDs) and
Individual Retirement Accounts (IRAs)

Certificate of Deposit	Retirement Account
CDARSSM-Certificate of Deposit Account Registry ServiceSM

Oak Bank has a Certificate of Deposit to fit any investment strategy!

• You choose the length of time you want your money to be invested - from 6 months to 5 years and the interest will be paid to you quarterly or at maturity.
• You choose your method of receiving interest: add interest to the Certificate balance, have the interest automatically deposited to another Oak Bank account, or receive a check for the interest earned.
• With a minimum balance of $5,000 you will earn a high fixed interest rate. Earn an even higher yield for deposits of $50,000 or more.
• You will feel secure about making a wise investment that is insured up to $100,000 by the FDIC.
• We will automatically renew your CD for you when the term is up. Don't worry, if you want to close it or transfer it to another term, you'll have 10 days after the maturity date to do so without paying a penalty. Non-automatically renewing Certificates are also available.

All Oak Bank CDs are also available as Individual Retirement Accounts (IRAs).

Use our Calculators to help you determine the value of deposits under various scenarios.

When you open an Oak Bank Certificate of Deposit, you lock into a great rate for the term of the account and reap the high yields when the term is over. Sit back and watch your money grow, invest in our high-yielding Certificates today! Call 608/441-6000 or contact us.

Oak Bank can help your company establish and maintain a variety of employee retirement accounts, including IRAs, Keogh accounts and others. If your company employs no more than 100 people, be sure to ask us about Simple IRAs.

You can contribute funds to your employees' IRA accounts and claim a tax deduction for your company in the process. The SIMPLE IRA (Savings Incentive Match Plan for Employees) was created by the Small Business Job Protection Act of 1996. If you employ no more than 100 people who earn $5,000 or more per year, you are eligible to establish a SIMPLE IRA. Establishing the plan is easy. There is no non-discrimination testing required. Help your employees save for retirement while your earn a tax deduction today with a SIMPLE IRA. 

For years, large cash holders have been able to secure FDIC insurance by using deposit brokers to
create the diversified structure necessary to disperse and administer large deposits among several banks.  Now, using CDARS_SM, Oak Bank can provide:

• The Safety of FDIC Insurance for large deposits. Oak Bank places clients' funds through CDARS_SM, with deposits over $100K divided into smaller CDs at multiple institutions. This permits the full amount to be eligible for FDIC insurance.
• CD Interest rates. Clients agree to an interest rate with Oak Bank for the CD maturity period you've selected.
• Interest-payment flexibility. Clients may choose to have interest on their CDs paid monthly or at maturity.
• Management convenience. Clients can manage all of their CD investments through one relationship and they only need to file a single 1099 form for tax purposes.
• The security of working with a trusted, local source. When clients make a deposit through CDARS_SM, they deal only with the people they know and trust at Oak Bank. They receive a single, consolidated, monthly statement summarizing their deposits and their financial information is protected and secure.

New technology is what makes the  CDARS_SM  network an efficient solution today.  Built and rigorously tested by experienced technology architects, CDARS_SM is a proven system that serves the needs of individuals, companies, organizations, and nonprofits across the United States, regardless of size.

While uncertainty abounds in most investment options today, nothing is safer than CDARS_SM.  To learn more call 608/441-6000 or contact us today!