Deductibilitiy of your IRA contribution is based on whether or not you or your spouse is an active participant in an employer-maintained retirement plan. Some of the benefits of a Roth IRA include Tax-Free earnings, Tax Savings and Retirement Security. If your income exceeds these amounts, you may be eligible for a partial contribution. There is no limit on the number of deposits made, the number of withdrawals is limited to six per quarter. A dollar fee per withdrawal will be charged after the sixth withdrawal.
Interest is paid quarterly, but is compounded daily.
All of our loans are figured on simple interest. Our loan staff is ready, willing, and able to meet your loan needs. Please feel free to contact any of them. Credit applications can be picked up, or mailed from, any of our four bank locations. To help acquaint you with the loan staff, we have listed the personnel and their positions.