INDIVIDUAL RETIREMENT ACCOUNTS
Individual Retirement Account (IRA)
The tax-deferred retirement savings plan offering fixed and variable rates.
| Minimum Initial Deposit: |
$500 |
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| Monthly Maintenance Fee: |
$15 annual administrative fee |
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| Average Balance to Waive Fee: |
N/A |
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| Limitations: |
Early withdrawal terms and conditions may apply. This information is provided at the time the account is opened. |
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| Explanation of Interest Rate and Interest Payment: |
Fixed Interest Rate Time Deposits:
Interest rate quoted for term selected remains constant until maturity. Terms vary. Call or visit your branch for full details.
Interest Calculation:
For deposits under $100,000 interest is compounded daily.
For deposits of $100,000 or more simple interest is calculated daily. Interest may be paid monthly, quarterly, annually or at maturity.
Variable Rate IRAs
Call or visit your branch for details |
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| Closure Fee: |
N/A |
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Roth IRA
The newly created retirement plan with greater flexibility.
| Minimum Initial Deposit: |
$500 |
|---|
| Monthly Maintenance Fee: |
$15 annual administrative fee |
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| Average Balance to Waive Fee: |
N/A |
|---|
| Limitations: |
Early withdrawal terms and conditions may apply. This information is provided at the time the account is opened. |
|---|
| Explanation of Interest Rate and Interest Payment: |
Fixed Interest Rate Time Deposits:
Interest rate quoted for the term selected remains constant until maturity. Terms vary. Call or visit your branch for full details.
Interest Calculation:
For deposits under $100,000 interest is compounded daily.
For deposits of $100,000 or more simple interest is calculated daily. Interest may be paid monthly, quarterly, annually or at maturity.
Variable Rate IRAs
Call or visit your branch for details |
|---|
| Closure Fee: |
N/A |
|---|
| Annual Interest Rate/ Annual Percentage Yield: |
Click here for the most current Personal Deposit Rates  |
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Education IRA
Designed for insuring benefits for higher education.
| Minimum Initial Deposit: |
$100 |
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| Monthly Maintenance Fee: |
$5 annual administrative fee |
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| Average Balance to Waive Fee: |
N/A |
|---|
| Limitations: |
Early withdrawal terms and conditions may apply. This information is provided at the time the account is opened. |
|---|
| Explanation of Interest Rate and Interest Payment: |
Fixed Interest Rate Time Deposits:
Interest rate quoted for the term selected remains constant until maturity. Terms vary. Call or visit your branch for full details.
Interest Calculation:
For deposits under $100,000 interest is compounded daily.
For deposits of $100,000 or more simple interest is calculated daily. Interest may be paid monthly, quarterly, annually or at maturity.
18 month minimum term. Fixed rate only.
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| Closure Fee: |
N/A |
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| Annual Interest Rate/ Annual Percentage Yield: |
Click here for the most current Personal Deposit Rates |
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*The Bank reserves the right to require seven days written notice prior to withdrawal of any funds in this account.
Future Changes
Community Bank reserves the right to make changes in this Schedule at any time. Unless changes must be made immediately to comply with a specific law or regulation, the Bank will give such notice as required by laws or regulations.
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