CDs- Certificates of Deposit                   Click here  for current rates 
 
Invest in Your Future 
 
At Teche Federal Bank, a FDIC-insured CD (Certificate of Deposit) is a short to medium-term, interest-bearing account that offers you higher rates of return and more flexibility than most comparable investments. CDs offer a low risk to assure you the stability you want in an investment that lasts anywhere from 90 days to 84 months. 
 
Our CDs offer very flexible terms as well as choices concerning how often interest can be paid.  If you are interested in a CD, be sure to ask about our weekly special. 
  • Minimum amount to open - $1,000
  • Earn higher yields for a fixed period
  • Flexible terms available from 90 days to 84 months
  • Interest rate is fixed for the term of deposit
  • Interest can be paid monthly, quarterly or at maturity
  • Automatic renewal at maturity
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    IRAs - Individual Retirement Accounts          
     
    Plan for Your Retirement 
     
    Please contact a customer Service Representative at your nearest Teche Federal Bank branch for additional information, including IRA rollovers, early withdrawal penalties, contribution limits and general account requirements.  
     
    Give yourself the retirement experience you dream about. Plan for a future filled with travel, entertainment and lots of relaxation. Take one more step towards your retirement by opening an IRA (Individual Retirement Account) at Teche Federal Bank and take part in the tax savings and selection we have to offer. Save for you or your children's educational expenses in the future with our flexible Education IRA. 
     
    It is important to find the IRA that is right for you.  

  • Traditional IRA:  Offers you a tax deduction right now. This is a smart choice if you anticipate paying taxes at a significantly lower rate in retirement.

  • SEP IRA:  Offers self-employed individuals a plan to provide retirement benefits for themselves and their employees.

  • ROTH IRA:  A more flexible investment because you can withdraw regular contributions at any time, tax-free, penalty-free. The principle amount for a Roth IRA is never subject to tax or penalties in the future, within the contribution guidelines, since the money you contribute is already taxed. You also aren’t required to take mandatory distributions at age 70½.

  • Education IRA:  A Coverdell Education Savings Account (ESA) is an account created as an incentive to help parents and students save for education expenses.  Requires no deductible, while offering you tax-free withdrawals to pay for higher education expenses such as tuition, books, supplies and equipment. The Education IRA can also cover elementary and high school expenses at most public, private and parochial schools.

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