IRAs
Six Month Traditional IRA | Twelve Month Traditional IRA | Twenty-Four Month Traditional IRA
Twenty-Four Month Roth IRA
Six Month Traditional IRA
Minimum balance requirements:
- You must deposit $1,000.00 to open the account.
- You must maintain a minimum balance of $1,000.00 in your account every day to obtain the annual percentage yield.
Balance computation method:
- We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Transaction limitations:
- After the account is opened, you may not make deposits into or withdrawals from the account until the maturity date.
Early withdrawal penalty:
- If you withdraw any principal before the maturity date, a penalty equal to three months interest may be charged to your account.
- Any withdrawal within six (6) days after the date of deposit must be charged a penalty equal to seven (7) days interest.
Renewal policy:
- This account will be automatically renewed at maturity. You have a grace period of ten (10) calendar days after the maturity date to withdraw the funds without being charged a penalty
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Twelve Month Traditional IRA
Minimum balance requirements:
- You must deposit $1,000.00 to open the account.
- You must maintain a minimum balance of $1,000.00 in your account every day to obtain the annual percentage yield.
Balance computation method:
- We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Transaction limitations:
- After the account is opened, you may not make deposits into or withdrawals from the account until the maturity date.
Early withdrawal penalty:
- If you withdraw any principal before the maturity date, a penalty equal to six months interest may be charged to your account.
- Any withdrawal within six (6) days after the date of deposit must be charged a penalty equal to seven (7) days interest.
Renewal policy:
- This account will be automatically renewed at maturity. You have a grace period of ten (10) calendar days after the maturity date to withdraw the funds without being charged a penalty
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Twenty-Four Month Traditional IRA
Minimum balance requirements:
- You must deposit $1,000.00 to open the account.
- You must maintain a minimum balance of $1,000.00 in your account every day to obtain the annual percentage yield.
Balance computation method:
- We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Transaction limitations:
- After the account is opened, you may not make deposits into or withdrawals from the account until the maturity date.
Early withdrawal penalty:
- If you withdraw any principal before the maturity date, a penalty equal to twelve months interest may be charged to your account.
- Any withdrawal within six (6) days after the date of deposit must be charged a penalty equal to seven (7) days interest.
Renewal policy:
- This account will be automatically renewed at maturity. You have a grace period of ten (10) calendar days after the maturity date to withdraw the funds without being charged a penalty
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Twenty-Four Month Roth IRA
Minimum balance requirements:
- You must deposit $1,000.00 to open the account.
- You must maintain a minimum balance of $1,000.00 in your account every day to obtain the annual percentage yield.
Balance computation method:
- We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Transaction limitations:
- After the account is opened, you may not make deposits into or withdrawals from the account until the maturity date.
Early withdrawal penalty:
- If you withdraw any principal before the maturity date, a penalty equal to twelve months interest may be charged to your account.
- Any withdrawal within six (6) days after the date of deposit must be charged a penalty equal to seven (7) days interest.
Renewal policy:
- This account will be automatically renewed at maturity. You have a grace period of ten (10) calendar days after the maturity date to withdraw the funds without being charged a penalty
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