 |
VNB’s business SEP and SIMPLE IRAs are safe, and offer you a variety of account options. Best of all, your IRAs will be grown with the same investment principles of safety and discipline we’ve exercised since opening our doors. That’s good news for you and your employees for years to come.
FIXED-TERM TIERED IRA
| • |
SEP and SIMPLE IRAs are available |
| • |
Minimum
opening deposit of $500 |
| • |
CD terms
of 1 to 5 years |
| • |
10 day
grace period after maturity for withdrawals |
| • |
Penalty
for withdrawal prior to maturity, forfeiture of interest regardless if earned, as follows: 6 months' forfeiture
for CD with terms greater than 1 year |
| • |
Automatically
renews |
| • |
Tiered interest rate structure:
$500 - $49,000
$50,000 - $99,999
$100,000 and greater |
| • |
Interest
paid quarterly |
| • |
Calendar
quarter statements |
| • |
Subject to IRA rules and regulations |
TIERED 18 MONTH IRA
| • |
SEP and SIMPLE IRAs are available |
| • |
Minimum
opening deposit of $5,000 |
| • |
10 day grace period after maturity for withdrawals |
| • |
Penalty
for withdrawal prior to maturity, forfeiture of interest
regardless if earned |
| • |
Automatically
renews |
| • |
Tiered interest rate structure:
$5,000 - $9,999
$10,000 and greater |
| • |
Interest
paid quarterly |
| • |
Calendar
quarter statements |
| • |
Subject to IRA rules and regulations |
PHOENIX IRA
| • |
SEP and SIMPLE IRAs are available |
| • |
Minimum
opening deposit of $5,000 |
| • |
Deposits are permitted at any time |
| • |
Matures every 90 days |
| • |
10 day grace period after maturity for withdrawals |
| • |
Penalty for withdrawal prior to maturity, 90 days forfeiture of interest regardless if earned |
| • |
Automatically renews |
| • |
Tiered interest rate structured by age of account:
| |
1 – 12 months |
|
1 year CD rate |
| |
13 – 24 months |
|
2 year CD rate |
| |
25 – 36 months |
|
3 year CD rate |
| |
37 – 48 months |
|
4 year CD rate |
| |
49 months or longer |
|
5 year CD rate |
|
| • |
Interest paid quarterly |
| • |
Calendar quarter statements |
| • |
Subject to IRA rules and regulations |
MONEY
MARKET IRA
| • |
SEP and SIMPLE IRAs are available |
| • |
Minimum opening deposit of $100 |
| • |
Deposits are permitted at any time |
| • |
Tiered interest rate structure:
$1 - $4,999
$5,000 - $9,999
$10,000 - $24,999
$25,000 - $99,999
$100,000 and greater |
| • |
Interest
paid monthly |
| • |
Monthly statements |
| • |
Subject to IRA rules and regulations |
.
|
|
|
Go to the Help Center
