Certificates of Deposit/Individual Retirement Accounts

Pegasus Bank offers a variety of Certificates of Deposit and IRAs to meet your savings needs. Choose from any term and any dollar amount over $1,000. Please call Pegasus Bank at 214.353.3000 with any questions or to set up a time to open your new CD or IRA.

Personal Certificate of Deposit

• Interest compounded daily
• Minimum opening amount of $1,000
• Certificate may be issued for any amount of $1,000 or more and for any maturity term
• Interest rate is based on the amount and term of the certificate
• Certificate is automatically renewable at maturity at the bank's stated interest rate for the same maturity period

Personal Wall Street Certificate of Deposit

• Interest compounded daily
• Minimum opening deposit $50,000
• Minimum one year term
• Rate is adjusted on the first business day of each calendar quarter at the 90-day LIBOR rate, as published in The Wall Street Journal, less 0.50%

Individual Retirement Accounts (IRAs)

Traditional, Roth, Simplified Employee Plan (SEP), and Coverdell Education Savings Account (CESA) are available

• Tax deferred earnings
• Income replacement for retirement
• Possible income tax deduction
• Education savings
• Interest compounded daily
• Interest rate determined by amount and term of CD investment
• Subject to IRS withdrawal restrictions