One thing is certain...none of us are getting any younger. The sooner we take advantage of investment strategies for retirement, the more likely we are to accomplish our financial goals. An Individual Retirement Account (IRA) is a flexible investment plan that allows individuals to plan for retirement. If you’re under the age of 70 for the entire tax year and you have earned income, you can establish an IRA. An IRA may be invested in a variety of investment vehicles. Interest rates vary by term and type of investment. Come in and let’s get started!

What are the features and benefits of an IRA? You can make contributions to an IRA in a lump sum or small increments. Your IRA deposits are insured up to $250,000 when invested in either the Variable or Fixed Rate IRAs. Our IRAs gives you the flexibility to set up an investment to meet your individual needs.

Fixed Rate

• $1000 minimum opening deposit

Variable Rate

• $100 minimum opening deposit
• 18-Month term
• Interest rate is at the discretion of the bank and may change at the beginning of each calendar quarter

These certificates will automatically renew at maturity. You will have 10 calendar days after the maturity date to withdraw funds without penalty. If you do not renew the certificate, interest will not be paid after maturity. After the certificate is opened, you may not make additional deposits or withdrawals until the next maturity date.

You may not withdraw funds from your Certificate of Deposit (CD) or Individual Retirement Account (IRA) prior to the maturity date without our consent. If we permit you to withdraw any of the funds before the maturity date, a penalty will or may be imposed. Any early withdrawal penalty may result in a reduction of the principal sum.

Julia Kroeze

Carol Pomerenke