Individual Retirement Accounts
Rockville Bank Individual Retirement Accounts Rate
Annual Percentage Yield (APY) effective as of Thursday, May 23, 2013
|
Individual Retirement Term
|
Interest Rate
|
Annual Percentage Yield (APY)
|
Minimum to Earn Annual Percentage Yield (APY)
|
Minimum To Open
|
|
12 - 17 MONTH IRA*
|
.25%
|
.25%
|
$500.00
|
$500.00
|
|
18 - 23 MONTH IRA*
|
.25%
|
.25%
|
$500.00
|
$500.00
|
|
24 - 35 MONTH IRA*
|
.60%
|
.60%
|
$500.00
|
$500.00
|
|
24 MONTH GREEN OPTION IRA*
|
.45%
|
.45%
|
$500.00
|
$500.00
|
|
36 - 47 MONTH IRA*
|
.85%
|
.85%
|
$500.00
|
$500.00
|
|
48 - 59 MONTH IRA*
|
1.00%
|
1.00%
|
$500.00
|
$ 500.00
|
|
60 MONTH IRA*
|
1.24%
|
1.25%
|
$500.00
|
$500.00
|
| Variable Rate IRA** | .20% | .20% | $5.00 | $100.00 |
*A substantial penalty may be imposed for any withdrawal of principal prior to maturity. The fee we may impose will equal 90 days interest on the amount withdrawn subject topenalty for CDs with an original maturity of 1 year or less, 180 days interest for all CDs with an original maturity greater than 1 year.The annual percentage yield assumes that the interest remains on deposit until maturity.A withdrawal will reduce earnings. Any fees assessed on these deposit products may reduce the earnings on the account. Please refer to the Schedule of Charges for any fee that may be imposed.
**Our variable rate IRA accounts are variable rate accounts.The rate and Annual Percentage Yield (APY) may change after the opening of these types of accounts.
The Annual Percentage Yields quoted are accurate as above. All Annual Percentage Yields offered are subject to change without notice. For full account details, please contact a Bank representative at the Branch most convenient for you at 860 291-3600.
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