IRA ACCOUNT
(TRADITIONAL OR ROTH)

• The interest rate for your deposit will be paid until the maturity
date of your IRA.

• Your interest rate and annual percentage yield may change.
At our discretion, we may change the interest rate on your account. 

• The annual percentage yield assumes interest will remain on
deposit until maturity.  A withdrawal will reduce earnings.

• Interest is compounded quarterly and will be credited to your account.
If you close your account before interest is credited, you will not
receive the accrued interest.

• Interest begins to accrue on the business day you deposit
non-cash items (for example, checks).

• 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.

• No minimum balance required to open the account. 

• This account will automatically renew at maturity.  You will have ten (10) calendar days after the maturity date to withdraw funds without being charged a penalty.  The renewal rate will be subject to market rates. If you withdraw the funds during the ten days after the maturity date, you will not receive the accrued interest since the maturity date.

• You may be charged an early withdrawal penalty of 3 months interest
if you withdrawal from or close your account prior to maturity. 

• For further information, please contact a customer service representative to see our custodial agreement for additional terms.

* Fees may reduce earnings.