Certificates of Deposit
For decades, Certificates of Deposit have proven their popularity by providing America's savers with security and stability. At Hillcrest Bank Florida, your CD term can range from 30 Days - 5 Years, and the minimum deposit to open a CD is only $1,000.

Advantages to investing in a Hillcrest Bank Florida CD include:

• A secure, safe place to put your money
• CD's are not subject to fluctuations in the market.

IRAs
With all that's going on in your daily life, it's easy to forget about the future. Whether your retirement is 5, 10, 25 years away, or you're planning to purchase your dream house - let us help you plan for that special day. Put your future first, with a Hillcrest Bank Florida IRA...

Traditional IRA
Still a favorite choice for retirement planning and rollover!

Traditional IRA contributions are generally tax deductible, creating an opportunity for you to save for your future and today, by saving on taxes that you might otherwise pay. Plus your earnings grow tax deferred.

The eligibility requirements for a Traditional IRA are:

1. The individual must be under the age of 70 1/2
2. The individual must have earned compensation

Roth IRA
The new IRA that's not just for retirement!

The Roth IRA can help first-time home buyers save for a down payment. Contributions to a Roth IRA are not tax deductible, but withdrawals are generally tax-free, if:

• You don't begin withdrawals until at least five years after you establish the IRA, and
• You are at least age 59 ½, or use the funds for a first-time home purchase (withdrawal for this purpose are limited to a lifetime cap of $10,000).*

The maximum annual contribution to a IRA is:

• $4,000 or 100% of earned income, whichever is less for the tax year of 2007. However, catch up contributions are allowed for those individuals who have attained age 50 before the close of the taxable year (December 31). The catch up amount is $1,000 for each year.
• $5,000 or 100% of earned income, whichever is less for the tax year of 2008. However, catch up contributions are allowed for those individuals who have attained age 50 before the close of the taxable year (December 31). The catch up amount is $1,000 for each year.
• reduced dollar-for dollar by contributions made to a Traditional IRA for the same tax year and;
• phased out for singles with MAGI of more than $110,000 and couples filling jointly with MAGI more than $160,000.

*Withdrawals made prior to age 59 ½ may be subject to a 10% IRS early withdrawal penalty in addition to ordinary income taxes. The IRS 10% penalty does not apply if the equal periodic payments are taken over life expectancy for at least five years or upon attainment of age 59 ½, whichever is later, if the withdrawal is used for a first-time home purchase (lifetime of $10,000 per individual), qualified higher education expenses, certain medical expenses and certain other uses, or in the event of disability or death.

For Further information on tax deductions, consult your tax accountant

Highlights

• Minimum of $1,000.00 to open
• Maximum annual contribution is limited to the lesser of $4,000 or 100% of compensation for tax year 2007 (Contribution limitations will increase for the year 2008 to $5,000). (Age 50 and over may have additional catch-up contributions of $1,000 per year)
• Terms ranging from 6 months year to 5 years
• Contribution may be tax deductible
• All earnings are tax deferred until a distribution is taken
• You have until April 15, to open and fund a Traditional IRA for the prior tax year
• Free Internet Banking

CDs

*APY - Annual Percentage Yield

CDs automatically renew. Minimum balance to open and obtain APY is $1,000. A substantial penalty may be imposed for early withdrawals. APY is accurate as of 06/04/2008.