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This tax-related time account is available for terms ranging from 6 months to 5 years,
and can be configured as a Traditional (deductible) IRA or a ROTH (nondeductible) IRA.
You must deposit $500 to open the account and must maintain $500
in the account each day
to obtain the disclosed annual percentage yield. Your opening deposit, if it is not a transfer,
cannot exceed the IRS maximum allowable annual deposit, and IRS restrictions and penalties, as well
as the bank's own early withdrawal penalties, do apply to this account. This account, which
renews automatically at maturity, offers a 10-day grace period during which funds can be
withdrawn without incurring a bank penalty.
Education IRA
To learn more about this interest bearing account designed to provide you with tax
incentives to save for your child's education, please contact us.
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