Individual Retirement Accounts (IRAs)

Effective Date 06/18/2024

All rates subject to change without notice.

IRA Money Market Investment

Rate1APY2Min to Earn APY2
0.50%0.50%$0.00 - $9.999.00
0.60%0.60%$9.999.01 - $24.999.00
0.70%0.70%$24.999.01 - $49.999.00
0.70%0.70%$49.999.01 - $99.999.00
1.00%1.00%$99.999.01 - $249.999.00
1.00%1.00%$249.999.01 - $499.999.00
1.00%1.00%$499.999.01 - $999.999.00
1.15%1.16%Over $999,999.00
Minimum to Open $100.00


Account TypeRate1APY2Min to OpenMin to Earn APY2
IRA 3 MO Term1.98%2.00%$100.00$1.00
IRA 6 MO Term4.41%4.50%$100.00$1.00
IRA 9 MO Term3.93%4.00%$100.00$1.00
IRA 18 MO Term2.96%3.00%$100.00$1.00
IRA 1 YR Term3.45%3.51%$100.00$1.00
IRA 2 YR Term3.93 %4.00%$100.00$1.00
IRA 3 YR Term2.23%2.25%$100.00$1.00
IRA 4 YR Term2.23%2.25%$100.00$1.00
IRA 5 YR Term2.28%2.30%$100.00$1.00

PENALTY (WHETHER EARNED OR NOT) based on simple interest rate in effect for the account on early withdrawal date.

Penalties are the same as disclosed on CD rates tab.  Withdrawals (distributions) and additions (contributions) are subject to the IRA Trust Agreement.

  • Withdrawals from an IRA prior to age 59 1/2 may be subject to an IRS 10% premature distribution penalty in addition to the bank penalty.
  • Bank penalty will be waived under certain circumstances.
  • IRA CD rates are fixed for term of account. IRA Money Market rates may change at the bank’s discretion at any time.
  • Interest is compounded daily and paid monthly. Additionally, Money Markets are paid the stated interest rate that corresponds to the applicable tier on the full balance in the account.
  • APY based on daily compounding until maturity. APY assumes interest remains on deposit until maturity. A withdrawal will reduce earnings.
  • Automatic renewal.
  • Accounts closed before interest is credited will receive accrued interest.
  • The daily balance method is used to calculate interest; applies a daily periodic rate to the principal each day.
  • Interest begins to accrue on the business day you deposit non-cash items (e.g. checks).
  • 1RATE=Interest Rate
  • 2APY=Annual Percentage Yield

For More Information Call:  (865) 546-0330.

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