Benefits
- No minimum initial deposit required
- Pays interest when you maintain a minimum account balance of $20.00
- Interest is compounded daily and credited monthly
- No monthly maintenance fees
- Allows contributions and distributions at any time with no BANK penalty
- Quarterly account statements
Current Rates
Effective Date: Sunday, November 17, 2024
Interest Rate | APY | |
---|---|---|
IRA Savings ($20.00 and over)*** | 0.39920% | 0.40% |
* Minimum deposit required to open the account is $500.
** Interest rate and APY may change daily after the account is opened. Minimum deposit of $250.00 required to open an account and obtain the APY. Term of account is 18 months.
*** Interest rate and APY may change daily after the account is opened.
Early withdrawal penalties apply. A withdrawal of interest may reduce earnings. Interest is compounded daily.