Individual Retirement Accounts

Traditional & Roth

Interest
Accrued daily and paid quarterly or at maturity if the IRA Certificate of Deposit is one year or less, and annually if maturity is over one year.

Maintenance
Withdrawal before age 59½ may result in a federal tax penalty. See your IRA Custodial Agreement. Bank-imposed penalties for early withdrawal of IRA deposits are as follows. Except for IRAs revoked within 7 days of opening, funds on deposit 90 days or less will result in a $100 penalty, and CD funds cashed before maturity will result in standard CD penalties.

  • No setup fee
  • No maintenance fee
  • Insured by FDIC up to $250,000

IRA Features

  • 90 Days to 5 Year IRA Add-On Certificate of Deposit
  • $100 minimum balance required