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
59° F
15° C
Partly cloudy
NW at 3 mph
0 mm
25%
20 km
1021 mmHg
12%
Monday
59°
15°
40°
Partly cloudy
S at 6 mph
Tuesday
69°
21°
46°
Partly cloudy
SW at 12 mph
Wednesday
66°
19°
52°
11°
Patchy rain possible
WNW at 12 mph
Thursday
62°
17°
42°
Partly cloudy
WSW at 8 mph
Friday
59°
15°
42°
Moderate or heavy rain shower
ESE at 15 mph
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