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IRA Accounts
An account established for retirement saving and to
receive favorable tax treatment. The contribution to this
account may be either a lump sum contribution or may be
made throughout the year. The account is established as a
Certificate of Deposit, with varying terms available at
competitive rates. Wallis State Bank acts as the custodian
on the account and is responsible for all tax reporting. As
the custodian, there are NO fees charged either annually
or per distribution unless there is a withdrawal from the
certificate before maturity. Interest begins to accrue on
the business day that non-cash items (for example,
checks) are deposited.
FEATURES |
| Minimum To Open |
$100.00 |
| Terms Available |
See current terms and rates |
| Minimum To Earn Interest |
None |
| Internet Banking |
N/C |
IRA Contribution Limits
IRA Eligibility Chart
* We reserve the right to pay the same rate on all tiers.
** The interest rate may change as often as daily at Bank discretion. |
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