IRA's (Individual Retirement Accounts)

Minimum opening deposit:  $500.00 Interest Rate: See Rates Page Annual Percentage Yield (APY): See Rates Page Interest Computation Method:  Daily Balance Daily Balance :  The application of a daily periodic rate to the full amount of principal in the account each day. Interest will be compounded:  Semi-annually Interest credited:  Semi-annually If you close your account before interest is credited, you will receive the accrued interest. If the account is closed in less than 6 months there will be a $50.00 fee.  On non-cash items interest will begin to accrue on the next business day. Penalty for Early Withdrawal: Maturity of 7-91 days - an amount at least equal to all interest that could have been earned on the amount withdrawn during the term of the certificate.   Maturity of 92 days or up to one year - an amount at least equal to three (3) months of interest earned or that could have been earned. Maturity of more than one year - an amount at least equal to six (6) months of interest earned or that could have been earned.