Individual Retirement Accounts (IRA's)

A traditional IRA is a personal savings plan that gives you tax advantages for setting aside money for retirement.

Traditional IRA, Roth IRA, Simplified Employee Pension IRA and Coverdell (Education) IRA

  • No minimum balance to open account
  • No monthly service charge
  • 18 month maturity with variable interest rate that may change at any quarter, not tied to any index
  • Interest is compounded and paid quarterly
  • Average daily balance method is used to calculate interest
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