PERSONAL BANKING
A Secure Way to Grow Your Savings and Plan for the Future
When you're ready to set money aside for longer-term goals, Partners Bank offers Certificates of Deposit (CDs) and Individual Retirement Accounts (IRAs) designed to help you save with confidence in Maine and New Hampshire. With clear terms, competitive rates, and local guidance, our long-term savings accounts support you, whether you're focused on steady growth or retirement savings.
WHY IT MATTERS
Savings and retirement options built for long-term goals
CDs and IRAs are designed for customers who want more structure and predictability in their savings. At Partners Bank, these accounts provide a dependable way to earn interest over time while working with local bankers who understand your financial goals.
Grow savings over time
Earn interest through fixed-term CDs or long-term retirement accounts.
Plan with confidence
Clear terms and predictable structures help you plan ahead.
Secure your funds
Accounts are held securely with a trusted community bank.
Get guidance when you need it
Our bankers are available throughout southern Maine and seacoast New Hampshire to help you understand your options.
ACCOUNT OPTIONS
Certificate of Deposit (CD) and IRA account options
Certificates of Deposit (CDs)
A CD allows you to earn interest at a fixed rate for a specific period of time. CDs are ideal for customers who want a predictable return and don't need immediate access to their funds.
- Fixed terms with clearly defined rates
Individual Retirement Accounts (IRAs)
IRAs are designed to help you save for retirement with tax-advantaged benefits, depending on the account type. Partners Bank offers IRA options to support long-term retirement planning.
- Long-term retirement savings with local support
No Penalty CD
The No Penalty CD allows you to access your funds early without the standard long-term commitment of a traditional CD, while still earning interest over a fixed term.
A withdrawal made in the first six days of your new 7-month No Penalty CD is subject to an early withdrawal penalty of seven days' interest on the amount withdrawn.
- Short-term CD option with added withdrawal flexibility
Raise Your Rate CD*
The Partners Bank Raise Your Rate CD offers the security of a fixed rate with the added advantage of future flexibility. If our advertised rate for the same term increases, customers have the one-time option to raise their CD rate to that higher rate for the remainder of their term.
*Raise Your Rate CD allows a one-time rate adjustment during the term to a higher Partners posted CD rate of the same term for the remainder of the term. Penalty may be assessed for early withdrawal. Fees and withdrawals could reduce earnings on accounts.
- One-time option to increase your CD rate during the term
- If Partners advertises the same CD term with a higher rate, you may choose a one-time bump-up to the current rate.
- You decide when to exercise the raise by visiting a Partners Bank office.
- Rate increases are not automatic and must be requested.
- Limited to one rate increase per Raise Your Rate CD term.
- Not available for IRAs.
IS THIS RIGHT FOR YOU
Built for Saving, Planning, and Flexibility
CDs and IRAs may be a good fit if you are:
Saving money for everyday expenses
Planning for future goals or retirement
Looking for predictable returns and clear account terms
KEY FEATURES
Key Features of CDs and IRAs
Fixed terms and clear structures
CDs and IRAs are built around defined terms and expectations, helping you plan ahead.
Competitive rates
Rates are based on term length and account type and are available for review before opening a CD account or IRA account.
Account security
Your funds are held securely with us, a trusted community bank and insured by the FDIC*. (FDIC limit disclaimer)
Local, personal support
Work with our knowledgeable staff who can explain options, terms, and next steps clearly.
DIGITAL ACCESS
Convenient Access with Online and Mobile Banking
While CDs and IRAs are designed for long-term saving, you can still view balances and account details through online and mobile banking.
RATES AND TERMS
Rates and terms for IRAs and CDs
QUESTIONS
FAQs About CDs and IRAs