Certificate of Deposit - requires a minimum balance to open. Term of certificate may range from 90 days to 5 years. Interest is compounded quarterly, and may be added to certificate balance, deposited into a Woodlands Bank checking or savings account, or a check may be issued quarterly. For certain certificate balances, a check may be issued monthly. Individual Retirement Account - requires a minimum balance to open.
Terms are for two, three or five years.
Customers may select at time of opening, a floating rate for selected terms which may change quarterly, or a fixed rate. Woodlands Bank offers Traditional, Roth and Education Individual Retirement Accounts, which may also be opened by transferring funds from another institution, or other Individual Retirement Account. Please provide more information , on these products. Return to Bank Products and Services.