Individual
Retirement Accounts
- Competitive interest rate earned on daily collected balance.
- IRAs are automatically renewable
- Roth IRAs, Coverdell Education Savings Accounts
(formerly Education IRAs), SEPs, Traditional IRAs, and Add-On IRAs are available.
- Funds are not taxed until withdrawn upon retirement (or disability).
- Minimum opening deposit is only $500.00.
Interest rates are tiered based on initial deposit. Early withdrawals are subject to an early
withdrawal penalty fee. For IRAs, distributions prior to
age 59 1/2 may also be subject to IRS penalties. |
