IRAs
Personal Banking Products and Services
Individual Retirement Account
High yield investments with specified maturities and a fixed interest rate.
FEATURES
- Available in a variety of maturities and interest rates: Investment Periods: 12 months, 18 months, 2 years, 3 years, 5 years
- Fixed interest rates available on all IRAs
- Interest will be compounded on a quarterly basis
- Interest will be credited to the account on a quarterly basis
- The daily-balance method is used to calculate the interest on an IRA
- Current interest rates are subject to change daily
- Offers security through FDIC insurance
BENEFITS
- Allows the flexibility in deciding investment period needed to meet your specific financial needs
- Allows for investment opportunities which reflect your view of the market direction
- Helps determine yield projections
- Compounding interest is a good way to earn more money
- An easy way to determine how much interest will be earned
- Provides flexibility in determining investments
- Offers you added security
DETAILS
Minimum opening balance requirement of $100.00.
ELIGIBILITY
Only individuals are eligible for this account.