personal

Individual Retirement Accounts (IRAs)

Products Traditional IRA Term Deposits ROTH IRA Term Deposits SEP IRA Term Deposits IRA Statement Savings
Features  Tax-deferred retirement savings in a fixed term account. Tax-free retirement savings in a fixed term account. Retirement plan established by the employer for the employee in a fixed term account. Variable rate IRA savings that allows contributions anytime up to annual contribution limits. Available for Traditional, ROTH, or SEP IRAs.
Balance to Open $500 $500 $500 $10.00
Interest
Rate

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See Rates

See Rates

See Rates

Minimum Balance to Earn Interest $10.00 $10.00 $10.00 $10.00
Terms 6 Months -
5 Years
6 Months -
5 Years
6 Months -
5 Years
N/A
Early Withdrawal Penalty * Yes Yes Yes No
Interest Frequency Monthly Monthly Monthly Monthly
Online Banking Access View only View only View only View only
Annual
Fee
$12.00 $12.00 $12.00 $12.00
Statements Annually Annually Annually Annually

 Click here to access the Internal Revenue website for more information on IRAs

 

* A penalty may be imposed for withdrawals before maturity:

  • The fee we may impose will equal all interest that could have been earned for the remainder of the term.  This could result in the loss of Principal.
  • If the withdrawal is made within the first six days after the deposit, we will impose a penalty of seven days interest on the amount withdrawn subject to penalty. 
New Account Information