Our most popular account is our time open account. Like a savings account, there is no minimum time requirement which makes it the perfect place to accumulate periodic deductions or place a lump sum distribution. Since there is no maturity, you can use the account as a vehicle to accumulate tax deferred earnings without feeling compelled to make investment decisions which can affect the rest of your life. There are no fees for our Individual Retirement Accounts, but these accounts are subject to penalties imposed by the government for premature distributions. There are also penalties for early withdrawal on all share certificates of deposit.
Many companies offer similar products with higher costs and lower rates.
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