Certificates of Deposit

For personal or business investments, we offer very competitive rates on our Certificates of Deposit.  CD’s are available in terms ranging from 3 months to 5 years. For the schedule of service charges and fees please contact our client specialist at (901) 476-5353.

Interest may be handled in any way our customers wish:

• Interest may be allowed to compound

• • At maturity
  • Semi-annually

• Interest may be withdrawn

• • Monthly
  • Quarterly
  • Semi-annually
  • At maturity

• Interest may be transferred to any checking or savings account

Check with a Customer Service Representative (901-476-53653) at any of our two locations for current CD rates.

Brighton Bank is a member of and is insured by FDIC

Individual Retirement Accounts

Brighton Bank offers both Traditional and Roth IRA’s.  Both are available in terms ranging from 6 months to 5yrs for fixed rate IRA’s.   Also available is an 18 month variable rate IRA.

• Traditional IRA’s offer customers the opportunity to defer paying taxes on their investment until the funds are withdrawn.  Most contributions are tax-deductible, however, certain restrictions apply.
• Roth IRA’s are an excellent choice for customers who wish to deposit after tax dollars now and avoid taxes on qualifying withdrawals later.  As with Traditional IRA’s, certain restrictions apply.
• With Traditional and Roth IRA’s Required Minimum Distributions are required at age 70 ½ .

Contact a Customer Service Representative (901-476-53653) at any of our two locations for current IRA rates.

Brighton Bank is a member of and is insured by FDIC.