Individual Retirement Accounts (IRAs)
Our IRAs are a low-risk investment with a fixed rate of return.
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| | Short Term | Long Term | Jumbo |
|---|---|---|---|
| Apply | Find Nearest Branch | Find Nearest Branch | Find Nearest Branch |
| Best if you need: | A low-risk investment with a fixed rate of return | A low-risk investment with a fixed rate of return | A low-risk investment with a fixed rate of return |
| Minimum to open | $1,000 | $1,000 | $100,000 |
| Earns interest | Yes | Yes | Yes |
| Monthly service charge | N/A | N/A | N/A |
| TBTmyWay (online banking) | No fee | No fee | No fee |
| Additional benefits | Consult a tax advisor about possible tax advantages | Consult a tax advisor about possible tax advantages | Consult a tax advisor about possible tax advantages |
| TBT VISA® checkcard | N/A | N/A | N/A |
| Transactions | N/A | N/A | N/A |
| Interest penalties for early withdrawal | CDs for one year or less carry a 30-day interest penalty, if drawn prior to maturity | CDs over one year carry a 90-day interest penalty, if drawn prior to maturity | CDs for one year or less carry a 30-day interest penalty, if drawn prior to maturity CDs over one year carry a 90-day interest penalty, if drawn prior to maturity |
| Available maturities | 30 days to one year Auto renewable at maturity | Over one year to five years Auto renewable at maturity | 30 days to five years Auto renewable at maturity |
| Rate details | Fixed Rate of Interest Quarterly Compounding of interest Interest may be credited to a checking/savings account at TB&T, paid directly to customer by check periodically (monthly, quarterly, semi-annually, annually, or at maturity), or reinvested quarterly See Today's Rates | Fixed Rate of Interest Quarterly Compounding of interest Interest may be credited to a checking/savings account at TB&T, paid directly to customer by check periodically (monthly, quarterly, semi-annually, annually, or at maturity), or reinvested quarterly See Today's Rates | Fixed Rate of Interest Quarterly Compounding of interest Interest may be credited to a checking/savings account at TB&T, paid directly to customer by check periodically (monthly, quarterly, semi-annually, annually, or at maturity), or reinvested quarterly |
| FDIC insured | Yes | Yes | Yes |
