CDs and IRAs

Maximize your savings potential with competitive interest rates in a Certificate of Deposit or start thinking about the future with one of our IRAs. We offer a variety of options to help you.  

For additional information on any of our products, please contact us or visit us at one of our branch locations.

 

Certificate of Deposits (CDs)

Choose the term that’s right for you. Enjoy a secure, fixed rate investment option with attractive returns.  See new accounts personnel for rates and terms.

Individual Retirement Accounts (IRAs)

It’s never too early to be thinking about retirement.  Whether your goal is higher education for your children or retirement for yourself, we offer a product to help you reach your goals.

DWB offers both Traditional and Roth IRAs for your retirement.  We encourage you to contact your tax advisor to discuss your tax deductibility status when making retirement decisions.

IRA Comparison Table

 

Traditional IRARoth IRA
FDIC Insured Up to $250,000 Up to $250,000
Eligible Age Before the year in which you turn 70 1/2 None
Annual Contributions Not Required Not Required
Maximum Annual Contributions

$5,500
$6,500 for those 50+

$5,500
$6,500 for those 50+
Spousal Contributions Accepted Accepted
Contribution Due April 15th of the next calendar year April 15th of the next calendar year
Tax Consequences Tax-deferred earning. Contributions may be tax deductible Tax-Free distributions at retirement. Contributions are made with post-tax dollars.
Distributions Must begin by April 1st following the year you reach age 70 ½ No mandatory disbursements
Bowman, North Dakota
61° F
16° C
Partly cloudy
SSE at 18 mph
0 mm
37%
10 km
1012 mmHg
5%
Saturday
95°
35°
56°
13°
Partly cloudy
SSW at 25 mph
Sunday
79°
26°
52°
11°
Partly cloudy
WNW at 29 mph
Monday
68°
20°
48°
Patchy rain possible
WNW at 17 mph
Tuesday
69°
21°
45°
Partly cloudy
SW at 9 mph
Wednesday
83°
28°
53°
12°
Partly cloudy
SSW at 11 mph
Change Location