Interest may be paid by check, credited to the C.O.D. or credited to another account. Withdrawal before maturity may require penalty under law and may result in loss of principal to you. Interest begins to accrue on the day of initial deposit and is based on the ledger balance. The account may automatically renew at maturity. Additional, detailed IRA information is available from any PremierBank customer service representative.
Passbook interest is based on ledger balances and is paid quarterly.
Rates may also change at this time. We may change the interest rate on your account at anytime which will effect the Annual Percentage Yield. Withdrawal of interest will reduce earnings. Withdrawal before maturity may be subject to penalty under law and may result in loss of principal to you. Specific terms and conditions of each IRA are disclosed under individual IRA contracts.