Certificates and IRA's
OmniAmerican offers a wide range of high-yielding investments with
varied terms and minimum balance requirements. Typically these investment accounts earn
higher dividends because you are required to deposit a set amount of funds for a specified
period of time.
Certificates
Certificates provide higher yields on funds invested for 30 days
to five years. For amounts beginning at $1,000, OmniAmerican certificates
offer an attractive rate of return on your funds for a specific period
of time. Dividend payments can be paid as follows:
- transferred to your savings, checking, loan or IRA Savings account;
- check disbursement to designated individuals;
- compounded (reinvested back in to the certificate).
Dividend payment for IRA Certificates are either paid to your
regular IRA or Roth IRA Savings account or compounded (reinvested back into the
certificate).
IRA's
An Individual Retirement Account (IRA) is considered a "nest-egg" for your
future. Solid tax deferrals and sizable retirement benefits are available with the
purchase of an IRA.
Looking for additional FDIC insurance on your CDs?
OmniAmerican offers additional protection through the Certificate of Deposit Account Registry Service (CDARS). CDARS® is the most convenient way to enjoy full FDIC insurance on deposits of up to $50 million. With CDARS, you sign one agreement with OmniAmerican Bank, earn one interest rate, and receive one regular statement. It's that easy.
CDARS is the perfect solution for many depositors — from non-profits and public funds to businesses, advisors (including trustees, CPAs, financial planners and lawyers) and individuals, as well as socially-motivated investors.
For more information about how CDARS works, please click on the links posted below:
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