 INDIVIDUAL RETIREMENT ACCOUNTS
North Star offers three types of IRAs: Traditional, Roth, and Educational. With a minimum investment of $500, an IRA share certificate can be purchased. The same terms apply to the IRA share certificates that apply to the regular share certificates. An IRA share account is also available to help you save until the $500 minimum is reached to purchase an IRA certificate. Dividends are calculated, paid quarterly, and at maturity. Dividends are added to the principal. Early withdrawal results in a penalty.
Current IRA Rates
| IRA Share Accounts-- Traditional, Roth or Educational |
|
RATE |
APY* |
| IRA Share Account |
0.50% |
0.50% |
| |
|
|
Rates expressed as APY (annual percentage yield).
APY accurate as of the last dividend declaration date.
Rates may change after the account is opened. |
| |
| IRA Share Certificates-- Traditional, Roth or Educational |
|
RATE |
APY* |
| 1 Year |
1.00% |
1.00% |
| 2 Years |
1.35% |
1.36% |
| 3 Years |
1.75% |
1.76% |
| 4 Years |
2.00% |
2.02% |
| 5 Years |
2.05% |
2.07% |
There is a $500 minimum deposit and the APY assumes
dividends are added to the principal quarterly.
Penalty will be imposed for early withdrawals.
Rates expressed as APY (annual percentage yield)
and may change at any time. |
|
