IRA – Individual Retirement Accounts Disclosure
Today’s date is Thursday, February 27, 2025
This disclosure contains the rules, which govern your deposit account. The interest rate and annual percentage yield stated below are accurate as of the date printed above. If you would like more current interest rate and yield information, please call us at 502-584-3600 or toll free, 1-888-584-3600. This time deposit is not transferable.
RATE & MINIMUM BALANCE INFORMATION
The interest rate and APY for your account is below. We will pay this rate until first maturity.
| Term | Rate | APY* | Minimum to Open |
|---|---|---|---|
| 6-Month | 4.21% | 4.30% | $1,000 |
| 11-Month | 3.92% | 4.00% | $1,000 |
| 12-Month | 1.24% | 1.25% | $1,000 |
| 15-Month | 2.96% | 3.00% | $1,000 |
| 18-Month | 2.62% | 2.65% | $1,000 |
| 24-Month | 2.71% | 2.75% | $1,000 |
| 36-Month | 3.44% | 3.50% | $1,000 |
| 48-Month | 3.59% | 3.65% | $1,000 |
| 60-Month | 3.92% | 4.00% | $1,000 |
| Term | Rate | APY* | Minimum to Open |
|---|---|---|---|
| 6-Month | 4.16% | 4.25% | $1,000 |
| 11-Month | 3.92% | 4.00% | $1,000 |
| 12-Month | 1.24% | 1.25% | $1,000 |
| 15-Month | 2.96% | 3.00% | $1,000 |
| 18-Month | 2.62% | 2.65% | $1,000 |
| 24-Month | 2.71% | 2.75% | $1,000 |
| 36-Month | 3.44% | 3.50% | $1,000 |
| 48-Month | 3.59% | 3.65% | $1,000 |
| 60-Month | 3.92% | 4.00% | $1,000 |
| Term | Rate | APY* | Minimum to Open |
|---|---|---|---|
| 6-Month | 4.21% | 4.30% | $1,000 |
| 11-Month | 3.92% | 4.00% | $1,000 |
| 12-Month | 1.24% | 1.25% | $1,000 |
| 15-Month | 2.96% | 3.00% | $1,000 |
| 18-Month | 2.62% | 2.65% | $1,000 |
| 24-Month | 2.71% | 2.75% | $1,000 |
| 36-Month | 3.44% | 3.50% | $1,000 |
| 48-Month | 3.59% | 3.65% | $1,000 |
| 60-Month | 3.92% | 4.00% | $1,000 |
| Term | Rate | APY* | Minimum to Open |
|---|---|---|---|
| 6-Month | 4.31% | 4.40% | $1,000 |
| 11-Month | 3.92% | 4.00% | $1,000 |
| 12-Month | 1.24% | 1.25% | $1,000 |
| 15-Month | 2.96% | 3.00% | $1,000 |
| 18-Month | 2.62% | 2.65% | $1,000 |
| 24-Month | 2.71% | 2.75% | $1,000 |
| 36-Month | 3.44% | 3.50% | $1,000 |
| 48-Month | 3.59% | 3.65% | $1,000 |
| 60-Month | 3.92% | 4.00% | $1,000 |
Minimum Balance To Open Account: $1,000.00
If you close your account before interest is credited, you will receive the accrued interest. The choice to withdraw rather than redeposit the interest reduces the annual percentage yield and earnings on the account.
BALANCE/ACCRUAL COMPUTATION METHOD
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Interest is compounded daily.
ACCRUAL ON NON-CASH DEPOSITS
Interest begins to accrue on the business day you deposit non-cash items (for example, checks).
TIME REQUIREMENTS
| Term | Maturity Date |
|---|---|
| 6 Month | 6 Months |
| 11 Month | 11 Months |
| 12 Month | 12 Months |
| 15 Month | 15 Months |
| 18 Month | 18 Months |
| 24 Month | 24 Months |
| 36 Month | 36 Months |
| 48 Month | 48 Months |
| 60 Month | 60 Months |
TIME DEPOSIT LIMITATIONS
After the Account is opened, you may not make deposits to the Account. Partial withdrawals may be made in amounts equal to or greater than $1,000, so long as the remaining balance at least equals the balance required to open the Account. An Early Withdrawal Penalty will be imposed on the amount withdrawn. Special withdrawal limitation rules apply to Individual Retirement Accounts (IRAs).
EARLY WITHDRAWAL PENALTY
A fee equal to 5% of account balance will be imposed.
We will permit an early withdrawal without imposing this penalty if this is an IRA account and the request for early withdrawal is made within seven days of establishing the account. However, the amount of interest earned on the amount withdrawn will be forfeited.
RENEWAL POLICY AND TERMS
This account will automatically renew at maturity. You will have ten (10) calendar days after the maturity date to redeem certificate without penalty. Interest that accrues during this grace period will not be paid unless certificate is renewed.
This account will automatically renew at the maturity date to a 6 month certificate of deposit. The interest rate will be the same as we offer on new 6 month time deposits on the date of maturity.
ADDITIONAL DISCLOSURE TERMS
Limit of $2,000,000 maximum deposit per CD or IRA product.