Home

CDs and IRAs

Certificates of Deposit (CDs)

With a CD, you'll know exactly what the return on your investment will be. Get a higher than average interest rate, a set rate of return and assurance that your funds are insured. Select from a wide range of CD terms for your short- or long-term savings and retirement goals.

Individual Retirement Accounts (IRAs)

For many, achieving financial security throughout retirement is the ultimate goal.  We offer IRAs, including Traditional and Roth IRAs, designed to help you gain peace of mind about your retirement.

Personal Deposit Rates

Certificate of Deposit

A Marathon Bank CD provides a guaranteed rate of return and financial security because funds are insured by the FDIC. Best of all, we offer several terms, so you can pick the timeframe that works best for you.

  • $1,000 minimum balance to open
  • Competitive rates for various terms
  • Early withdrawal penalties may apply

Various Terms Offered

  • 6 Month
  • 12 Month
  • 18 Month
  • 30 Month
  • 48 Month
  • 60 Month

Retirement and Education Account*

Calculator

With a Marathon Bank retirement or education savings account, it’s never been easier to save. We offer several plans and terms designed to fit your budget and your needs. Please consult with your tax advisor to ensure that you choose the right program for you.

Traditional IRA

With a traditional IRA, contributions that you make may be fully or partially deductible, depending on your circumstances. In addition, the amounts in your traditional IRA are not taxed until they are distributed to you.

To learn more about traditional IRA accounts click here to be directed to IRS.gov.

Roth IRA

A Roth IRA is an individual retirement plan that bears many similarities to the traditional IRA, but contributions are not tax deductible and qualified distributions are tax free. Similar to other retirement plan accounts, non-qualified distributions from a Roth IRA may be subject to a penalty upon withdrawal.

To learn more click here to be directed to IRS.gov.

Simplified Employee Pension Plan (SEP)

A Simplified Employee Pension Plan can provide a significant source of income at retirement by allowing employers to contribute money to retirement accounts for themselves and their employees. A business of any size, even self-employed persons, can establish a SEP.

To learn more click here to be directed to IRS.gov.

Coverdell Education Savings Account (CESA)

A Coverdell Education Savings Account can help parents and students save for education expenses. Distributions are tax-free as long as they are used for qualified education expenses, such as tuition and fees, required books, supplies and equipment and qualified expenses for room and board.

To learn more about these accounts click here to be directed to IRS.gov

*For more information on retirement or education savings accounts, please consult your tax advisor to determine the right plan for you or your business.