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Accounts: (IRA)
Individual Retirement Account
Benefits
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IRA accounts are important for all
ages, as they save for the future from the earnings of today.
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The minimum to open an IRA is
$100.00
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The term is one year and is
automatically renewable
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The interest is compounded monthly
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The rate is subject to change
weekly
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Deposits to your IRA may be
automated for your convenience
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Mandatory distributions from IRAs
may be automated for retirees on the go
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The bank penalty for early
redemption of an Individual Retirement Account is 30 days
interest
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