IRAs
Our traditional, FDIC-insured Individual Retirement Account (IRA) solutions offer risk-free, tax-deferred growth1 and other unique advantages to help you secure your future.
IRAs
Our traditional, FDIC-insured Individual Retirement Account (IRA) solutions offer risk-free, tax-deferred growth1 and other unique advantages to help you secure your future.
Explore Your Options
IRA Investment Savings
A flexible account that helps you save for tomorrow, bit by bit.
It’s perfect for automatic payroll contributions and rollovers.
IRA Certificate of Deposit
Choose the term that fits your timeline and earn a guaranteed rate.
It’s perfect for anyone with a nest egg to grow and protect.
IRA Investment Savings | IRA Certificate of Deposit | |
|---|---|---|
| Interest method | Variable rate, compounded daily and paid monthly, based on tiers: | Fixed rate, compounded daily and paid quarterly, based on tiers: |
| Distributions | Paid semiannually or annually if balance is under $10,000; paid monthly, quarterly, semiannually, or annually if balance is $10,000 or over | Paid semiannually or annually if balance is under $10,000; paid monthly, quarterly, semiannually, or annually if balance is $10,000 or over |
| Terms | No required time frame | 6 months–5 years |
| Minimum to open account | $25 | $1,000 |
| Charges | $5 per withdrawal if more than 3 per year | Interest penalty may apply for early withdrawal |
| Interest method | Variable rate, compounded daily and paid monthly, based on tiers: |
|---|---|
| Distributions | Paid semiannually or annually if balance is under $10,000; paid monthly, quarterly, semiannually, or annually if balance is $10,000 or over |
| Terms | No required time frame |
| Minimum to open account | $25 |
| Charges | $5 per withdrawal if more than 3 per year |
| Interest method | Fixed rate, compounded daily and paid quarterly, based on tiers: |
|---|---|
| Distributions | Paid semiannually or annually if balance is under $10,000; paid monthly, quarterly, semiannually, or annually if balance is $10,000 or over |
| Terms | 6 months–5 years |
| Minimum to open account | $1,000 |
| Charges | Interest penalty may apply for early withdrawal |
How Much Money Do You Need to Retire?
Crunch the numbers with our convenient borrowing and budgeting calculators.
Try It OutMore Solutions
SAVINGS
Achieve Your Goals Sooner
Five account options – plus one powerful app to manage it all.
INVESTMENTS
Envision the Future You Want
Customized investment options with trusted service and advice.
HOME EQUITY
Tap Into Your Home’s Value
Leverage your home equity for flexible and affordable financing.
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Get in TouchDisclosures
1. Special withdrawal privileges if age 59 ½ or older. Minster Bank does not provide tax or legal advice. Please consult your tax advisor or attorney before making any decisions or taking any actions based on this information.
