Individual Retirement Accounts

Investment Options

IRA - Quarterly Variable Rate Plan

• 24 month term
• Add to plan at any time with any amount
• Rate and annual percentage yield may change every calendar quarter
• Interest is compounded and paid quarterly
• No annual fee

IRA - Annual Variable Rate Plan

• 60 month term
• Add to plan at any time with any amount
• Rate and annual percentage yield may change every calendar July 1
• Interest is compounded and paid quarterly
• No annual fee

IRA - Fixed Rate Plan

• 3 month, 12 month, or 36 month term
• Add to plan at any time with any amount
• Rate and annual percentage yield may change at the end of the term
• No annual fee
  

Health Savings Account

Health Savings Accounts (HSAs) are designed to help individuals save for future qualified medical and retiree health expenses on a tax-free basis.

Interest is compounded and paid quarterly. Penalty for early withdrawal on all IRA CD investments.

$25 transfer or rollover fee if funds are transferred from Kanabec State Bank.