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Certificates of Deposit

Patriot Bank's Certificates of Deposit offer numerous investment options while paying a competitive rate of interest. These Certificate of Deposit accounts are designed for the customer who can invest funds for a set period of time. They are an excellent way to safely invest cash assets that are federally insured and will be guaranteed to grow regardless of the economy.


• Investment terms of 6 months to 120 months
• Competitive Interest Rates
• Several interest payment options
• Use as collateral in a savings secured loan
• Minimum deposit required
• Penalty for early withdrawal


 Retirement Accounts



Traditional IRA


This IRA is designed for individuals who want to save tax-deferred dollars and want annual contributions to be tax-deductible depending on limitations. However, penalty free withdrawals may be made at any time for college expenses or

the purchase of a first home.


Roth IRA


The major benefit of a Roth IRA is tax-free earnings growth. Although contributions to the Roth IRA are not tax-deductible, the contributions can be withdrawn at any time without federal taxes or penalties. *** You are not required to receive distributions

at age 70½, and in most cases you can pass your Roth assets to your heirs free of federal income taxes. Withdrawal of earnings is tax-free if certain distribution rules are met.


Coverdell Education Savings Account

(formly known as the Education IRA)


This savings account is specifically designed to provide a tax-free way to save for education expenses for any minor child

until the age of 19 on a nondeductible basis. This account can be used to pay for elementary and secondary education

(K-12) expenses incurred in a public, private or religious school, as well as college, technical or postgraduate work.

Earnings grow tax-free, and withdrawals for qualified education expenses are also tax-free. (Must meet income requirements).



(Simplified Employee Pension Plan)


This low-cost retirement plan is designed for small businesses and the self-employed business owner. This would include sole proprietors, partnerships, S-Corporations and Corporations. The SEP plan enables you to make discretionary, tax-deductible contributions for employers and eligible employees. The employer may choose to make the plan less restrictive. Earnings and contributions are tax-deferred.


 If you already have an IRA, contact us for a free portfolio review.

Changing times require changing strategies,

and we're the bank to help you make retirement security a reality


Rollovers and Transfers


IRA options have changed significantly over the past few years.

If you have an IRA you may want to reposition or modify to suit your current needs, our team can help.

Contact 1-877-646-0134


IRA funding options include any one or a combination of:

  • Bank-insured CDs
  • Stocks, bonds and mutual funds through Patriot Investment Center^
  • Variable rate and fixed rate tax-deferred annuities^ through Patriot Insurance


Concerned about FDIC insurance limits?

Patriot Bank offers FDIC protection and additional deposit insurance up to $1 million per account!


**Check with your financial advisor for more details about the IRA that's best for you and optinizes your tax-deductibility potential. Normally withdrawals prior to age 59 1/2 ar subject to a 10% IRS penalty andmay be subject to bank withdrawal penalties. 

***Bank penalties may apply for early withdrawal provided the account has been established for five years.

 ^Securities offered through IBA Securities, a division of Broker Dealer Financial Services Corp., member NASD/SIPC. Securities and insurance products are not FDIC insured nor are they deposits or obligations guaranteed by Patriot Bank, Broker Dealer Financial Services Corp. or any other federal government agency. The purchase of such products involves risk including the possible loss of principal. Securities may not be suitable for all investors.