Individual Retirement Accounts

A Traditional, Roth or SEP IRA is flexible and safe. Choose from several methods of contribution, and you can roll over assets from another pension or retirement plan, while maintaining tax-deferred status on your funds in most cases. An IRA can provide additional tax benefits. Be sure to consult your tax professional before investing.

Term	32 Days - 5 Years
Minimum to Open	$25
Partial Withdrawls Allowed **	Yes
Early Withdrawal Penalty*	1/2 interest for full term. 32 day term - full interest.
Interest Compounding	at maturity / annual
Interest Calculation Method	simple
Renewals / Grace Period after Maturity to withdraw without Penalty	Automatic Renewal 10-Day Grace Period

Contact a Personal Banker for additional information.

* Additional penalties may be applicable as required by the IRS.

** Partial withdrawals may be permitted without penalty for IRA owners aged 59½ and older.

The interest rate and annual percentage yield will not change for the term of the account. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded at maturity or annually and will be credited at maturity or annually on the current balance. Under 59 1/2 bank penalty applies. The penalty is ½ the interest for the full term (32-day term penalty is full term’s interest). A withdrawal will reduce earnings.