Individual Retirement Accounts
(IRAs)
An IRA is an excellent way to save for retirement.
- Depending on the option you choose, a Grand Bank IRA provides
either tax-deferred or tax-free savings at competitive interest
rates
Account
Balance |
Annual Percentage Yield |
Interest Rate |
12 Months |
3.95% |
3.87% |
24 Months |
4.05% |
3.97% |
Rates valid as of 10/20/2006.
- Amounts: IRAs are issued in amounts of $500.00 or more.
- Maturities: Maturities of 12 or 24 months.
- Rates: Rates are reviewed weekly and adjusted in response to
market conditions.
- Interest Payment: Interest compounded daily and paid on a
calendar quarter. Interest is added to principal of the IRA.
- Early withdrawal penalty may apply.
- For your convenience, all Grand Bank IRAs are automatically
renewable.
For further information, please contact a Customer Service
Representative at (561) 615-5000.
TERMS
AND CONDITIONS OF YOUR ACCOUNT
|