Interest on CDs is compounded daily and credited to the CD, to another SBT account, or paid by check either monthly, quarterly or at maturity as the customer prefers. Traditional Individual Retirement Accounts IRAs offer customers a means of planning for retirement by depositing funds that are tax-deferred. Unlike the traditional IRA, income tax on Roth IRA deposits are not deferred. Taxes are paid on Roth IRA deposits every year. These 50-week term savings accounts allow customers to set aside money for a special occasion.
Interest is compounded daily and credited at the end of the club term.
This program teaches elementary school students the importance of saving so that they earn while they learn. Students in Salisbury Central School, Sharon Center School, Webutuck, and Millerton Elementary School currently participate in this exciting program.