IRAs
Plan for your future by investing today. IRAs are personal plans that provide income tax advantages for retirement savings. Federal law provides for FDIC insurance coverage of up to $250,000.00 for certain retirement accounts. IRAs can also offer important tax saving advantages.
Features
$500.00 minimum opening deposit
Various maturity terms and competitive interest rates offered
At the end of term, you have the option of making another investment choice or rolling the IRA over for the same term. Interest is paid quarterly
May not withdraw from account until age 59 1/2 without substantial penalty
Must come in to bank to complete account opening process
