Benefits
- Pays an attractive rate of interest which may vary over the 18-month term
- Minimum deposit of $250.00 - contributions can be made at any time.
- Distributions can only be made during the grace period to avoid bank penalty.
- Automatically renews at maturity
- Interest compounded on a daily basis and credited to your account monthly
- Quarterly account statements
Current Rates
Effective Date: Monday, August 10, 2020
| Interest Rate | APY | |
|---|---|---|
| IRA Variable Account** | 0.4000% | 0.4000% |
* Minimum deposit required to open the account is $500.
** Interest rate and APY may change daily after the account is opened. Minimum deposit of $250.00 required to open an account and obtain the APY. Term of account is 18 months.
*** Interest rate and APY may change daily after the account is opened.
Early withdrawal penalties apply. A withdrawal of interest may reduce earnings. Interest is compounded daily.