IRAs offer tax-deferred growth as well as other unique advantages for your retirement plan.
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IRA Investment Savings
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IRA Certificate of Deposit | |
| This savings plan is ideal if you are looking for... |
A flexible, high-earning savings account for retirement. Ideal for intermittent deposits or temporary holding account for rollovers |
Safety & a guaranteed rate of return for retirement |
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How is interest compounded?
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Daily | Daily |
| How is interest determined? |
Variable Rate Based on tiers:
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Fixed Rate Based on tiers: |
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How often is the interest paid? |
Monthly | Quarterly |
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How often are distributions paid? |
Semi-annually or annually if balance is under $10,000. Monthly, Quarterly, Semi-Annually, or Annually if balance is $10,000 or more
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Semi-annually or annually if CD is under $10,000. Monthly, Quarterly, Semi-Annually, or Annually if CD is $10,000 or more
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What are the terms or time frame required?
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None required | 6 months to 5 years |
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What is the minimum to open the account?
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$25 | $1,000 |
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Any charges?
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$5 per withdrawal if more than 3 per year |
Interest penalty may apply for early withdrawal. Special withdrawal privileges if age 59 1/2 or older. |
For more information or to open your Minster Bank IRA, call 866-MINSTER or visit any branch location. We will help you choose a plan that is right for you.
