Choosing the Right Personal Savings Account
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Savings Account
Whether you're just starting or need a plan to save part of your paycheck, our traditional low-cost savings accounts offer competitive interest rates with no service charge if a minimum daily or average collected balance is maintained. Get started with a deposit of only $100 and watch your future grow.
- Free for account holders under 18 years of age.
- There is no service charge if a minimum daily balance of $500 or the average collected balance of $1,500 is maintained.
- Direct deposit makes it convenient for you to reach your savings goals.
- 24/7 online banking and mobile banking.
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Certificate of Deposits
The best place to save money is where it can earn interest. Plan for your future with our Certificates of Deposits (CDs), a high-yield savings account with guaranteed interest rates for whatever term is right for you. Feel secure knowing that our CDs are a great investment, offer competitive rates, and are FDIC-insured.
- Get our highest deposit interest rates.
- All deposits are insured up to the legal limit as an FDIC member bank.
- Interest rates vary by the length of the term - 60 days to 4 years.
- It takes as low as $2,500 to open a CD account.
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IRAs
Individual Retirement Accounts (IRAs) are an incredible asset to help you save for your retirement in a tax-advantaged way. Your contributions grow tax-deferred until you retire. IBC Bank offers three IRA accounts that help you reduce your taxable income, save for college, and let you enjoy tax-free earnings. We've got you covered.
- Traditional IRA: Reduce your current year's taxable income and save
- Roth IRA: Benefit from investments by earning tax-free from dividends and interest
- Educational IRA: Help build a family member's college fund tax-free