CDs & IRAs

Certificates of Deposit

Concerned about stock market volatility? A CD offers safety and a guaranteed return. A CD at 1ST SUMMIT BANK is a solid investment with minimal deposit requirement. You choose the term and we will guarantee the return (FDIC.) Our Professionals will provide you with all the details about our special featured CDs such as, our Step Up CD and True Relationship CD. Capitalize on market trends and your existing financial relationship with competitive rates.


Plan for a comfortable retirement with a guarantee that is hard to beat.  Most of us work hard just to make a living, but we don’t always look far enough ahead to plan for a comfortable retirement. 1ST SUMMIT BANK has options for you. Our Professionals will discuss your goals and outline the possibilities. Plan now so that when you are ready to retire you can relax.

Traditional IRA

Maximize retirement income and save according to your personal needs.  Depending on eligibility, contributions may be tax deductible.  The Traditional IRA allows you to defer taxes on the earnings of your contribution until they are withdrawn.  In addition, employer-sponsored retirement plans can be rolled into this IRA.

Roth IRA

Retirement savers are given a different incentive with the Roth IRA.  Contributions to this IRA are non-deductible. The Roth IRA can be an effective tool if you do not benefit from a tax deduction or if you do not qualify for tax deductible contributions to a Traditional IRA.  The good news is that if you meet certain conditions, your withdrawals from a Roth IRA will be completely free from federal income tax.

*Consult a tax advisor.