The balance is automatically transferred to your Regular Share Account during the first week in October each year. This account is in passbook form. Statements are sent on a monthly basis and your original checks are truncated to our safekeeping system. There is no service charge on this account at any time. Your IRA account is a no-term share account that pays dividends from day of deposit to day of withdrawal.
Interest is compounded and paid at maturity.
Terms range from six months to two years. Rates for new certificate accounts are set weekly on Mondays.