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Personal
Deposit Products: Individual
Retirement Accounts
One
of the safest and most flexible investments, insured deposit IRAs
have an added advantage of providing high interest based on current
market rates.
We
offer two types:
One
Year IRA Variable Account
This account is
structured for the individual who wants to make systematic
contributions to their IRA throughout the year. A 1-year
investment that guarantees your IRA will always be priced at
current market interest rates. With a low minimum deposit to open
your account, it is easy to start your retirement savings with the
insured, variable rate IRA.
*There is an
interest penalty for customers under age 59 1/2 who withdraw their
funds from an insured deposit account before maturity.
IRA
Certificate of Deposit
With a minimum
deposit of only $1,000, this account offers a guaranteed interest
rate for the length of the certificate. Select from an account
from 182-day to 5-year. The fixed rate IRA is designed for those
who like to make a one time contribution for the year, and you can
open another fixed rate instrument anytime you wish or invest
additional funds at the time of renewal.
*There is an
interest penalty for customers under age 59 1/2 who withdraw their
funds from an insured deposit account before maturity.
IRA
Account Comparison Chart
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Account Type
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Account Benefits
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Minimum Balance
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Minimum Balance to Open Account
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Service Fees
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Individual Retirement
Variable
Rate Account
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Safe investment for your retirement years.
Earns
interest
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Any Amount
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Any
Amount
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Penalty for early withdrawal if under age 59 1/2.
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Individual Retirement Account Certificates of
Deposit
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Safe investment for your retirement years.
Earns
interest
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$1000.00
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$1000.00
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Penalty for early withdrawal if under age 59 1/2.
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Click here for
current rates.
For
more information or for account disclosures, please contact us.
Savings
Accounts
Certificates
of Deposit
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