Other terms are available. Substantial penalty for early withdrawal. IRA - Individual Retirement Accounts IRA accounts provide a means of delaying taxes for the average employee while saving for retirement. Our customer service representatives will assist in helping establish a plan best suited to each individual's needs. Please review our complete IRA Questions and Answers information for further details about the advantages and restrictions of IRA Accounts.
Interest is compounded and credited quarterly.
Interest rates are set by the bank and are subject to periodic adjustment. A good way to save for those holiday expenses at year end. Many customers also use Christmas Club to help pay taxes. Christmas Club accounts earn interest which is credited annually.