All rates are subject to change at the Bank’s discretion based on current market conditions. These rates are effective March 26, 2020.
IRA RATES (TRADITIONAL, ROTH & EDUCATION)*
|
Minimum Opening Deposit
|
Interest Rate
|
APY
Annual Percentage Yield
|
Minimum Balance Required to Earn APY
|
|
| Fixed Rate 12 Month | $250 | 0.40% | 0.40% | $0.01 |
| 18 Month | $250 | 0.45% | 0.45% | $0.01 |
| 24 Month | $250 | 0.50% | 0.50% | $0.01 |
| 36 Month | $250 | 0.55% | 0.55% | $0.01 |
| 48 Month | $250 | 0.65% | 0.65% | $0.01 |
| 60 Month | $250 | 0.70% | 0.70% | $0.01 |
* A penalty is imposed for early withdrawal from an IRA.
