Individual Retirement Accounts (IRAs)
Planning Your Retirement
An Individual Retirement Account (IRA) is a proactive approach to saving and retirement planning. Whether your interests are in college planning or retirement investing, Centier Bank offers a variety of IRAs to suit your needs. Visit your nearest Centier branch location to open a new IRA, or contact Centier's Client Service Call Center for assistance.
Fixed Rate IRA
- 1, 2, 3, 4, or 5 year Time Deposit with interest rate established weekly and guaranteed
for the term of the certificate.
- Interest on deposits will compound semi-annually.
- Minimum deposit is $500.
- Additions made in $100 minimums.
- Annual statement.
Variable-Rate IRA
- 12 month IRA.
- Variable annual percentage yield based on the monthly rate of 91 day Treasury Bills.
- Maturity is calculated from the date of the first deposit.
- Compounds semi-annually.
- Minimum deposit required is $500.
Required Minimum Distribution Waived for 2009
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