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Individual Retirement Accounts
Rates Effective: September 4, 2008
| Account Type |
|
Minimum Deposit
to Open Account |
Minimum Balance
to Obtain APY* |
Annual Percentage
Yield (APY)** |
Interest Rate |
| IRA Statement Savings |
Variable |
$50.00 |
$50.00 |
0.50 % |
0.500 % |
| IRA Certificates of Deposit |
|
|
|
|
| One Year |
Fixed |
$100.00 |
$100.00 |
3.75 % |
3.680 % |
| Thirteen Month |
Fixed |
$100.00 |
$100.00 |
3.75 % |
3.680 % |
| Eighteen Month |
Fixed |
$100.00 |
$100.00 |
4.00 % |
3.920 % |
| Eighteen Month |
Variable |
$100.00 |
$100.00 |
1.95 % |
1.935 % |
| Two Year |
Fixed |
$100.00 |
$100.00 |
4.12 % |
4.040 % |
| Thirty Month |
Variable*** |
$100.00 |
$100.00 |
4.25% |
4.160 % |
| Three Year |
Variable*** |
$100.00 |
$100.00 |
4.35 % |
4.260 % |
| Four Year |
Variable*** |
$100.00 |
$100.00 |
4.40 % |
4.210 % |
| Five Year |
Variable*** |
$100.00 |
$100.00 |
4.50 % |
4.400 % |
| Six Year |
Fixed |
$100.00 |
$100.00 |
4.50 % |
4.400 % |
| Individual Retirement Accounts |
|
|
- Terms 12 months to 72 months
- One-time interest rate upgrade per term on 30 months to 60 months
- Variable statement savings and 18 month certificate of deposit available
- Interest continuously compounded and credited monthly
- Interest checks and transfers available
- Statements mailed 3 times a year
- Distribution checks - monthly, quarterly, semi-annually or annually
- Penalty for early withdrawals
- Early distribution penalties may apply
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*Daily Balance, if your daily balance is at least this amount the quoted APY will be obtained. However other charges may apply as contained in the account disclosure for each type of account.
**This APY assumes that all interest remains on deposit until maturity. Any withdrawal of interest will reduce the earnings and APY on the account.These are the APYs currently offered and they may change at any time. For more information or for up to the minute annual percentage yields, please call us at 410.539.1313 (Main Office), 410.465.5445 (Ellicott City), or 410.628.7809 (Cockeysville).
*** These accounts are disclosed as variable rate because they have our Flexible Plan Feature, which allows the customer an option to bump the rate one time during each term to take advantage of rising interest rates.
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