IRAs

Traditional IRA Certificates are higher yielding with preset rates and maturity dates. Dividends are paid quarterly. Minimum deposit is $500 with terms available from 12 to 36 months.

Roth and Education IRA Certificates are higher yielding with preset rates and maturity dates. Dividends are paid quarterly. Minimum deposit is $500 with terms available for 24 to 36 months.

Individual Retirement Accounts (IRAs) provide one of the most effective way of saving for retirement because they shelter earnings on savings from immediate taxation. This allows your savings to grow faster. IRAs got a makeover in the Taxpayer Reform Act of 1996, giving savers some appealing options. Basically, there are three types: Traditional IRA, Roth IRA, and Educational IRA.

Our IRA Accounts have low minimum balance requirements ($25.00) and no monthly service charge. Dividends are paid from date of deposit to date of withdrawal on all balances. Dividends are paid quarterly. Accounts closed during the month do not receive dividends and may be subject to a withdrawal fee.

The maximum yearly deposit amount varies depending upon the type of IRA Account you open.

For additional information on IRAs, please contact an Financial Service Representative or visit the IRA web site and use the search engine to locate IRA information.