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Passbook Savings Account

A traditional savings account that is suitable for all types of savings goals. Deposits or withdrawals can be made at any time without penalty. Start a passbook savings account with just $100.

Certificates of Deposit

CD stands for Certificates of Deposit. People often choose CDs because they have a large sum of money to invest. CD’s typically offer a higher interest rate than traditional savings accounts and are low risk. At Woodruff Federal, the minimum balance for most CD’s is just $1,000.





*Daily Balance is the amount of principal in the account each day. Rates and Annual Percentage Yields (APYS )subject to change without notice APY assumes no principal or interest withdrawn prior to maturity. Interest is compounded quarterly and credited in accordance with the terms of the account. Penalties could be imposed for early withdrawal. Fees could reduce the earnings on the account.
*Rates effective as of December 22, 2022.

Individual Retirement Accounts

IRA’s are the most popular way to plan for a secure retirement. Contributions and interest may be tax-deferred until you withdraw, when income typically falls in a lower tax bracket.* Please contact us for current rates. Available as 18-month CDs.
*Individual cases will vary. Consult your tax advisor.

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