There is a 10 day grace period after maturity in which to make any changes or withdrawals. An early withdrawal penalty may be assessed. Please click to view the account disclosure or access our Application. A fixed rate of interest is calculated daily on a simple interest basis. Rates vary according to the term.
Interest is paid monthly by check or deposit to another account.
This account is automatically renewable at the rate, term and conditions in effect at the time of maturity. There is a 10 day grace period after maturity in which to make changes or withdrawals. An early withdrawal penalty may be assessed. Tax deductibility of your contributions will depend on whether or not you are an active participant in an employer sponsored retirement plan and on your adjusted gross income. Individual Retirement Accounts can be set up as a Money Market Account, a 24-Month Passbook or various Certificate of Deposit terms.