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Accounts: Individual Retirement Accounts

 

Requirements:

  • Minimum balance to open - $500.00

Benefits:

  • Annual statement showing deposits and earnings
  • Pays competitive variable interest rate
  • Interest accrues daily and compounds quarterly.
  • Free internet banking
  • Free phone banking

Cost:

  • Substantial interest and tax penalty for early withdrawal
  • Transfers or withdrawals are subject to a $25.00 fee


 

 

 

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