Albion Banking Center

53 E State St
Albion, PA 16401
Phone: (814) 756-4138

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Andover Banking Center

19 Public Square
PO Box 1300
Andover, OH 44003
Phone: (440) 293-7605

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Ashtabula Harbor Banking Center

1630 West 19th Street
Ashtabula, OH 44004
Phone: (440) 964-8999

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Austinburg Banking Center

1853 Route 45
PO Box 273
Austinburg, OH 44010
Phone: (440) 275-3333

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Conneaut Banking Center

339 State Street
Conneaut, OH 44030
Phone: (440) 593-6595

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Andover Bank Corporate Headquarters

600 East Main Street
PO Box 1300
Andover, OH 44003
Phone: (440) 293-7256

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Edinboro Banking Center

212 Plum St
Edinboro, PA 16412
Phone: (814) 734-1655

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Geneva Banking Center

665 South Broadway
Geneva, OH 44041
Phone: (440) 466-3040

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Jefferson Banking Center

150 North Chestnut Street
Jefferson, OH 44047
Phone: (440) 576-2265

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Madison Banking Center

6611 North Ridge Road
Madison, OH 44057
Phone: (440) 417-0200

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Millcreek Banking Center

2420 Zimmerly Rd
Erie, PA 16506
Phone: (814) 833-4550

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Stow Loan Production Office

3924 Clock Pointe Trail, Ste. 101
Stow, OH 44224
Phone: (844) 259-5473

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CDs & IRAs

A happier tomorrow, starts today

Plan for the future confidently by saving today. CDs and IRAs are great options to get you started.

Certificates Of Deposit

Whether you’re saving for the long-term, or just looking to earn interest on some extra funds, Andover Bank offers competitive rates for certificates of deposit (CDs) that fit your needs.

All Andover Bank CDs offer:

Competitive rates with flexible terms
Minimum deposit to open of $1,000
Early withdrawal penalties apply

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Individual Retirement Accounts (IRAs)

IRAs are a smart option for diversifying your retirement portfolio. Andover Bank offers both Traditional, Roth, and Coverdell Education Savings IRA accounts. You can rely on us to help determine the right type for your situation.

Traditional IRA

If you’re expecting a lower tax rate during retirement, a traditional IRA allows you to take tax deductions on your deposits today, and pay taxes on your withdrawals during retirement.

Roth IRA

If you anticipate a higher tax rate during retirement, a Roth IRA is funded by after-tax income, allowing you tax-free funds upon withdrawal during retirement.

Coverdell Education Savings IRA

Similar to a Roth IRA plan, a Coverdell Education Savings IRA allows parents to deposit after-tax income today, for tax-free withdrawals for educational expenses in the future.

Flexible Savings Options Plan

With all our IRAs, we give you the flexibility to saving how you want to save. Choose whichever option works best for you.

Savings Plan

With a Savings Plan, you can contribute to your IRA with either weekly or monthly deposits. An opening balance of $100 is required with minimum deposits of $20 thereafter.

Certificate Plan

With a Certificate Plan, you can contribute to your IRA at maturity in one lump sum deposit. You can make your deposits at maturity. A minimum deposit of $1,000 is required to open.

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All IRA plans follow Federal and IRS regulations. There are substantial penalties for early withdrawal.