Please Note:

A competent tax advisor should be consulted for any questions concerning Health Savings Account eligibility and tax benefits. Individual Retirement Accounts (IRAs) are a special, tax-favored account type that have specific restrictions including, but not limited to, age restrictions and contribution limits. Please take the time to familiarize yourself with these restrictions before opening an account. While some IRAs are housed at banks, the account activity is ultimately between the account holder and the IRS, and not monitored by banks. Excess contributions will likely be flagged during tax filing. Penalties apply. Visit www.irs.gov or see a trusted tax advisor to learn more.

Use the following table to compare investment options available for Traditional IRA, Roth IRA, or CESA customers:


3, 6, 12-MONTH CD 18, 24, 30, 36, 48, 60-MONTH CD IRA/CESA PASSBOOK SAVINGS
Description

If you are nearing retirement and looking for a low-risk retirement savings, a CD may be for you.

If you are looking for a low-risk retirement savings, a CD may be for you.
Contribute to your retirement fund on your schedule with an IRA savings.
Minimum Balance (MB)
$100 $100
none
Interest
variable rate; please inquire variable rate; please inquire
variable rate; please inquire
Compounding
3- or 6-month: at maturity
12-month: semi-annually
semi-annually
quarterly

Statements
UCB Logo paper

Statements cut at earnings and maturity
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Statements cut at earnings and maturity
UCB Logo paper

Annual statement
Early W/D Penalty
3 months of interest
Penalty waived at age 59.5
6 months of interest
Penalty waived at age 59.5
none
Online/Mobile Banking

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