IRAs

• Individual Retirement Accounts

  • Types: Traditional or Roth

  • CD term options: 6 months to 60 months

  • Tax-deferred Interest

  • Minimum amount to open is $500, except for 18-month Variable IRA CD (minimum to open is $10)

  • Interest compounded and paid monthly, quarterly, semiannually or annually

  • Early withdrawal penalty: terms of six months or less—31 days' interest; terms greater than six months but less than one year—91 days' interest; terms of one year or greater—182 days' interest

  • Free Online Banking and Mobile Banking

  • FDIC Insured