IRAs

Individual Retirement Accounts (IRAs) are intended for investors looking for competitive rates and tax benefits. Traditional IRAs are generally tax deferred up to certain IRS determined limits. IRA customers generally do not anticipate needing to access the funds for a predetermined period of time. Terms available from 6 months to 5 years.^*

Earn a guaranteed interest rate for the length of the term
Interest compounds daily
$100 minimum opening balance required

* Six month IRA has a $10 Semi-Annual IRA fee. One to five year IRAs have a $15 Annual IRA fee.

Rates & Fees

[+] Additional Certificates of Deposit & IRA Disclosure

The interest rate and annual percentage yield for your account will be paid until the maturity of your Certificate of Deposit or IRA Certificate of Deposit. Interest is compounded daily and credited monthly, quarterly, semiannually, annually, or at the end of the term. Interest begins to accrue on the business day you deposit any noncash items (for example, a check). We use the daily balance method to calculate interest on this account. This method applies a daily periodic rate to the principal in the account each day. If any of the deposit is withdrawn before the maturity date, a penalty as shown below will be imposed.

Term

Early Withdrawal Penalty

30 - 364 days

30 days interest on the amount withdrawn

365 days - 5 years

90 days interest on the amount withdrawn

Fees could reduce the earnings on the account. †APY=Annual Percentage Yield.

EQUAL HOUSING LENDER | MEMBER FDIC