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Individual Retirement Accounts (IRA’s)
Account Description: We offer traditional IRA’s, Roth
IRA’s, and SEP’s. IRA’s are an excellent savings tool for anyone planning to
retire someday. Unlike risky investments, they provide a reliable return and
are FDIC insured up to $250,000. It is a safe, secure way to save for the
future and defer income taxes.
Requirements:
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Minimum deposit to open account - $100.00 |
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Maximum annual contribution amounts are set by the
IRS |
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Time requirement (rate of return) comparable to
eighteen month CD |
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Must have earned income and be under 70 ½ years of
age |
Benefits:
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Reliable, safe return |
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Interest compounded daily |
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Interest credited to the account every quarter
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Automatically renewable time account |
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FDIC Insured up to $250,000.00 |
Withdrawal Limitations:
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Penalties may be assessed for early withdrawals
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