| PERSONAL BANKING: IRA Savings -Your interest rate and annual percentage yield may change at our discretion every quarter. -We use the daily balance method to calculate the interest on your account. Interest will be compounded every day and credited to your account every quarter. -Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items. -You must deposit $250.00 to open a traditional IRA. You must deposit $500.00 to open a ROTH or EDUCATION IRA. -A rollover or transfer fee of $100.00 will be charged if funds are rolled or transferred out of this account. |
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