IRA Savings Account
All IRA Rules apply
Further Disclosures are part of the IRA enrollment Form
Rate Information
- For current rate and yield information, please see our Deposit Rates.
- At our discretion, we may change the interest rate on your account. We may change the interest rate on your account weekly.
- The interest rate on your account will never change by more than 1.00% each week.
Minimum balance requirements
- To open your account you must deposit $50.00.
- You must maintain a minimum balance of $50.00 in the account each day to obtain the disclosed annual percentage yield.
Compounding and Crediting Policies
- Interest will be compounded on a semi-annual basis.
- Interest will be credited to your account on a semi-annual basis.
Balance Computation method
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We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.
Accrual of interest on noncash deposits
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Interest begins to accrue no later than the business day we receive credit for the deposit.
Fees
- Additional fees which may be assessed against your account are disclosed on the Schedule of Fees.
Call us at (785) 543-5199 or email us to obtain further information.
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