Individual Retirement Accounts
Individual Retirement Accounts: an investment opportunity for you to invest in your future.
There is a $1,000 minimum deposit required to open.
- Deposit and interest are tax deductible
- Various options, rates, maturities and types are available for consideration
- Early withdrawal penalty of 90 days' interest will apply
Consult your tax advisor.
Individual Retirement Accounts**
Rates Effective August 31, 2023
|
|
|
Interest Rate
|
APY*
|
Minimum to Obtain APY
|
Required to Open
|
|
182 Day
|
2.00%
|
2.01%
|
$0.00
|
$1,000.00
|
|
1 Year
|
4.50%
|
4.55%
|
$0.00
|
$1,000.00
|
|
18 Month
|
3.25%
|
3.28%
|
$0.00
|
$1,000.00
|
|
2 Year
|
3.50%
|
3.53%
|
$0.00
|
$1,000.00
|
|
3 Year
|
3.75%
|
3.79%
|
$0.00
|
$1,000.00
|
|
4 Year
|
4.00%
|
4.04%
|
$0.00
|
$1,000.00
|
|
5 Year
|
4.25%
|
4.30%
|
$0.00
|
$1,000.00
|
|
10 Year
|
4.50%
|
4.55%
|
$0.00
|
$1,000.00
|
|
Roth IRA 5 Year
|
3.50%
|
3.53%
|
$0.00
|
$1,000.00
|
|
Education IRA 5 Year
|
3.50%
|
3.53%
|
$0.00
|
$1,000.00
|
* APY = Annual Percentage Yield. The APY assumes funds will remain on the deposit a full year at the advertised rate.
** Funds must remain on deposit until maturity to earn the advertised yield. Substantial interest penalty is required for early withdrawal: 90 day penalty will be assessed on amount withdrawn. Penalty for early withdrawal if not 59 1/2 years of age.