 Individual Retirement
Accounts
Traditional IRA
A traditional IRA is an account that allows you to defer taxes on
earnings on your contributions until they are withdrawn. Also, certain
contributions are tax deductible in the tax year for which they are
made.
Roth IRA
A Roth IRA allows only non-deductible contributions and features
tax-free withdrawals for certain distribution reasons after a five-year
holding period. Since Roth IRA contributions are non-deductible and
taxed in the year they are earned, if you expect to be in a higher tax
bracket when you retire, you may benefit more from a ROTH IRA than from
a Traditional IRA.
Please contact one of our new accounts representatives at any one of our
five locations for assistance with your new, transferred, or rollover
IRA.
APY is calculated assuming
that interest is added to the account semi-annually unless otherwise
stated. Penalty for early withdrawal may apply.
Annual Percentage Yields &
Rates Effective November 14th - November 20th
Term
|
APY
|
Interest Rate
|
|
3 Months (interest added quarterly) |
2.28% |
2.26% |
|
6 Months |
2.50% |
2.48% |
|
12 Months |
2.65% |
2.63% |
|
24 Months |
2.85% |
2.83% |
|
36 Months |
3.30% |
3.27% |
|
48 Months |
3.45% |
3.42% |
18 Month Variable IRA Certificates of
Deposit: APY = 2.14% Interest Rate = 2.12%
IRA rates are effective from
10/1/2008 through 12/31/2008. Penalty for early withdrawal may apply. Rate
may change after account is opened. APY is calculated assuming that
interest is added to the account quarterly.
Last Update:
Monday, 17. November 2008 08:40 AM
|
