Individual
Retirement Accounts (IRA) offer a secure and dependable
solution for retirement and education savings.
Skowhegan Savings IRA's allow:
- The choice of depositing your funds into a savings account or Certificate of Deposit
- The ability to contribute to your retirement with potential tax advantages
- Tax-deferred earnings on your contribution
- The ability to accept rollovers from another IRA or employer qualified plan
All interest rates and Annual Percentage Yields are effective as of the date
below and may change
at the Bank's discretion.
IRA Special for Integrity Plus Customers Only
Rates Effective: July 28, 2010
| Account |
Min. Deposit to Open |
Min. Bal. to Earn APY |
Interest Rate |
APY* |
|
| 20 Month IRA |
$500 |
$500 |
1.14% |
1.15% |
|
| 48 Month IRA |
$500 |
$500 |
2.27% |
2.30% |
|
|
| * Annual Percentage Yield. |
Other Terms and Rates
Rates Effective: July 28, 2010
| Account |
Min. Deposit to Open |
Min. Bal. to Earn APY |
Interest Rate |
APY* |
|
| 2 Year |
$500 |
$500 |
1.09% |
1.10% |
|
| 3 Year |
$500 |
$500 |
1.739% |
1.75% |
|
| 5 Year |
$500 |
$500 |
2.23% |
2.25% |
|
|
* Annual Percentage Yield.
Annual percentage yields assume interest remains on deposit. A penalty
will be imposed for withdrawals before maturity. |
|
