CDs, IRAs and ESAs at Hometown Bank of the Hudson Valley in Orange County NY


Certificates of Deposit (CDs)

Certificates of Deposit are a safe and reliable way to diversify your investment portfolio and build up savings while being insured against losses.

One popular strategy is to create a CD ladder where your money is spread among multiple CDs that mature at different times, such as every year. Then you can either re-invest the CD or cash it out and reap the profits. 

Even if you don’t have a lot of money to invest, we have options that will work for you:

  • Various terms available ranging from 3 months to 5 years
  • Some CDs available for as little as $500

With our competitive interest rates, Hometown Bank is committed to strengthening the finances of our friends and neighbors. Contact us today about investing in CDs.

Individual Retirement Accounts (IRAs)

Funding your retirement might be one of the most nerve-wracking topics when it comes to your personal finances.

An IRA with Hometown Bank gets you started with these long-term savings, because retirement should be in your plans no matter your age. Generally speaking, the longer you save, the more money you will have in retirement.

Between Traditional and Roth IRAs, you have choices when it comes to the tax structure of your IRA. Hometown Bank offers you an array of options and assistance so you can make decisions that will maximize your earnings and help you reach your goals.

Contact us today to find out how a Hometown Bank IRA will benefit you.

Education Savings Accounts (ESAs)

Education expenses are increasing at historic rates, and that makes saving for a child’s future a significant financial challenge.

The key is to start saving as early as possible. Opening an Education Savings Account with Hometown Bank is an easy way to start the process. Parents and grandparents can help feed the fund, but a person doesn’t have to be related to a beneficiary to create an account.

An ESA includes these features:

  • Contribute up to $2,000 a year for designated beneficiary under age 18
  • Earn tax-free interest
  • Distributions are tax-free if used for qualified education expenses

Contact us today to open an Education Savings Account or to learn more.



For great deals on CDs, IRAs and ESAs visit Hometown Bank of the Hudson Valley with branches throughout Orange County NY –  Walden, Montgomery, Monroe, and Otisville New York (NY) as well as a Commercial Loan Department and Mortgage Center. We offer personal and  business accounts, loans, mortgages, CDs & IRAs and investment services.