|
IRA Rates
We offer 3 types of IRA's:
-
Traditional
-
Roth
-
Coverdell Education
|
|
Rates
Determined Weekly |
|
Rate Description |
Annual
Percentage Rate |
APY* |
Minimum Open Balance |
Minimum Balance for APY* |
|
12 Month Fixed |
0.30% |
0.30% |
$250.00 |
$250.00 |
|
12 Month Fixed |
0.49% |
0.49% |
$2,000.00 |
$2,000.00 |
*APY:
Annual Percentage Yield.
The above IRA rates are determined weekly.
IMPORTANT INFORMATION:
At maturity, the account will automatically renew at the current rate as of
the maturity date. You will have a grace period of 7 business days after
the maturity date to withdraw the funds in the account without being charged
an early withdrawal penalty.
Dividends will
be compounded and credited quarterly. If you close your account before
dividends are credited, you will not receive accrued dividends. Your
account will mature at the end of the period selected. You are not
permitted to withdraw funds other than dividends prior to maturity without
closing the account. We may impose a penalty if you do withdraw funds other
than dividends prior to the maturity date. The penalty will equal three
months dividends on your account.
|