Start saving now for future goals & retirement
With a Certificate of Deposit or Individual Retirement Account from Southwest National Bank, you can set money aside now for a future goal or build your retirement savings. Explore your options and then talk with us about the one that fits your plans.
Tell us what you’re working toward. We’ll help you find the term that fits.
A CD or an IRA? Which is right for me?
A certificate of deposit holds money for a set term at a set rate. An individual retirement account can provide longer-term benefits for maximizing your retirement savings and has specific tax rules. For more information, give us a call and we’ll be happy to help you.
Choose when you’ll need your savings
A CD lets you set money aside for a specific period, called a term. Compare the annual percentage yield, or APY, and choose a term that fits your plans.
3 months to 5 years
Available CD terms
$500
Minimum opening deposit¹
Quarterly
Interest compounding
CDs renew automatically. The rate may change at renewal. A penalty may apply if you withdraw money before maturity.
¹The listed standard CD and IRA accounts require at least $500 to open. Jumbo CDs require $100,000. Rates and APYs are subject to change without notice. APY assumes funds remain on deposit until maturity. Fees could reduce earnings. A penalty may be imposed for early withdrawals.
Two ways to save for retirement
A Traditional or Roth IRA can help you set money aside for retirement. The main difference is how contributions and withdrawals are treated for tax purposes.
Traditional IRA
Contributions may be tax deductible, depending on your circumstances. Earnings generally grow tax deferred. Withdrawals may be taxable.
A few questions you may have
What does APY mean?
Annual percentage yield expresses how much interest an account earns on an annual basis, including compounding.
When are Roth withdrawals tax-free?
Qualified withdrawals generally require the five-tax-year holding period and age 59½ or another qualifying condition. Different rules apply to contributions, conversions and earnings.
For your specific situation, check IRS Publication 590-A (contributions) and IRS Publication 590-B (distributions) or consult a tax advisor, because Minimum Adjusted Gross Income calculations, workplace-plan coverage, and filing status determine the exact numbers that apply to you.
Let’s talk about your next step
Call (316) 838-5741, visit a branch or send an account inquiry.
CD Specials accurate as of 09/09/2026
| Term | Interest Rate | Annual Percentage Yield | Minimum Opening Deposit/Balance |
|---|---|---|---|
| 7 Month | 3.21% | 3.25% | $500 |
| 13 Month | 3.36% | 3.40% | $500 |
| 17 Month | 3.45% | 3.50% | $500 |
CD and IRA Rates and Terms accurate as of 09/09/2026
| Term | Interest Rate | Annual Percentage Yield | Minimum Opening Deposit/Balance |
|---|---|---|---|
| 3 Month | 0.30% | 0.30% | $500 |
| 6 Month | 0.90% | 0.90% | $500 |
| 9 Month | 1.24% | 1.25% | $500 |
| 1 Year | 1.24% | 1.25% | $500 |
| 18 Month | 1.24% | 1.25% | $500 |
| 2 Year | 1.39% | 1.40% | $500 |
| 3 Year | 1.44% | 1.45% | $500 |
| 4 Year | 1.54% | 1.55% | $500 |
| 5 Year | 1.98% | 2.00% | $500 |