Individual Retirement Accounts (IRAs)
With Crescent Bank, you will make the most out of your retirement savings with an Individual Retirement Account (IRA) and receive substantial tax benefits.
Traditional and Roth IRAs
- Minimum opening deposit: $1,000
- Rate is fixed for term of investment
- Automatic renewal at current market rates at maturity
- Simple interest paid and compounded quarterly
- No taxes on interest as money grows in account, subject to IRS rules
- Federal regulations require penalty for early withdrawal, which could reduce earning on the account
| Term | Minimum Deposit | Interest Rate | Annual Percentage Yield (APY)1 |
|---|---|---|---|
| 18 Month | $1,000.00 | 1.20% | 1.21% |
| 24 Month | $1,000.00 | 1.55% | 1.56% |
| 36 Month | $1,000.00 | 1.75% | 1.76% |
| 48 Month | $1,000.00 | 1.90% | 1.91% |
| 60 Month | $1,000.00 | 2.00% | 2.02% |
1 Annual Percentage Yield effective 07/28/2017 and is subject to change at any time.
