A penalty will be imposed for early withdrawal. Penalties may reduce earnings. Interest on the IRA term accounts is compounded continuously and the IRA Variable Account is compounded monthly. Fees could reduce the earnings of the account. Withdrawals made prior to account maturity may be subject to a Bank penalty.
Interest is compounded monthly and credited on the last business day of each month.
The rates on these variable accounts may change after the account is opened. Fees may reduce earnings.