IRA – 12 Month Certificate of Deposit

(Traditional or Roth)

  • The interest rate on your account will be paid until the anniversary date of the account.
  • Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
  • Interest will be compounded and credited to your account quarterly. If you close your account prior to the maturity you will not receive the accrued but un-credited interest.
  • The annual percentage yield assumes interest will remain on deposit until maturity. If you close your account or make a withdrawal prior to maturity, a three month penalty may be applied. A withdrawal will reduce earning(s).
  • This account will automatically renew a maturity. You will have ten (10) calendar days after the maturity date to withdraw the funds without being charged a penalty.
  • We use the daily balance method to calculate interest on your account. This method applies a daily periodic rate to the principal in the account each day.
  • Additional deposits may be made to your IRA.
 
 
Last updated on Oct 30, 2017

© 2017, River City Bank