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From Traditional to Roth and Coverdale IRAs, VNB can help you sort through the options for retirement and education planning. We make it easy to start early, and you can start small, too, with as little as $100.00.
FIXED TERM TIERED IRA
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Traditional,
Roth and Coverdell (Education) IRAs are available |
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Minimum
opening deposit of $500.00 |
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CD terms
of 1 to 5 years |
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10 day
grace period after maturity for withdrawals |
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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 |
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Automatically
renews |
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Tiered interest rate structure:
$500 - $49,000
$50,000 - $99,999
$100,000 and greater |
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Interest
paid quarterly |
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Calendar
quarter statements |
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Subject to IRA rules and regulations |
TIERED 18 MONTH IRA
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Traditional,
Roth, and Coverdell (Education) IRAs are available |
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Minimum
opening deposit of $5,000 |
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10 day grace period after maturity for withdrawals |
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Penalty
for withdrawal prior to maturity, forfeiture of interest
regardless if earned |
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Automatically
renews |
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Tiered interest rate structure:
$5,000 - $9,999
$10,000 and greater |
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Interest
paid quarterly |
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Calendar
quarter statements |
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Subject to IRA rules and regulations |
PHOENIX IRA
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Traditional,
Roth, and Coverdell (Education) IRAs are available |
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Minimum
opening deposit of $5,000 |
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Deposits are permitted at any time |
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Matures every 90 days |
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10 day grace period after maturity for withdrawals |
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Penalty for withdrawal prior to maturity, 90 days forfeiture of interest regardless if earned |
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Automatically renews |
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Tiered interest rate structured by age of account:
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1 – 12 months |
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1 year CD rate |
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13 – 24 months |
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2 year CD rate |
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25 – 36 months |
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3 year CD rate |
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37 – 48 months |
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4 year CD rate |
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49 months or longer |
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5 year CD rate |
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Interest paid quarterly |
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Calendar quarter statements |
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Subject to IRA rules and regulations |
MONEY
MARKET IRA
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Traditional,
Roth and Coverdell (Education) IRAs are available |
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No minimum opening balance |
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Deposits are permitted at any time |
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6 withdrawals allowed per statement cycle period, 3 may be payable to a third party |
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$5.00 per withdrawal after 6 withdrawals |
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$300 average daily balance to avoid monthly maintenance fee of $5.00 |
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Tiered interest rate structure:
$1 - $4,999
$5,000 - $9,999
$10,000 - $24,999
$25,000 - $99,999
$100,000 and greater |
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Interest
paid monthly |
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Monthly statements |
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Subject to IRA rules and regulations |
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