IRA Accounts
It’s never too early to think about your future.
If you’re fortunate enough to be thinking about retirement, and if those plans include relaxation, hobbies and/or traveling, we offer both Roth IRAs and Traditional IRAs.
Current Rates
Effective Date: Monday, December 4, 2023
| Minimum Balance to Earn APY | Interest Rate | APY | |
|---|---|---|---|
| 6 Month Fall CD Special | $10,000 Additional .10% increase with $10,000 New Money to Passumpsic Bank = 4.85% APY** | 4.64% | 4.75% |
| 12 Month Fall CD Special | $10,000 Additional .10% increase with $10,000 New Money to Passumpsic Bank = 4.60% APY** | 4.40% | 4.50% |
| 18 Month Fall CD Special | $10,000 Additional .10% increase with $10,000 New Money to Passumpsic Bank = 4.35% APY** | 4.17% | 4.25% |
| 3-Month CD | $500 | .15% | .15% |
| Youth 6-Month CD | $75 | .40% | .40% |
| 6-Month CD | $500 | .40% | .40% |
| 12-Month CD | $500 | .60% | .60% |
| 2-Yr CD | $500 | .70% | .70% |
| 3-Yr CD | $500 | .80% | .80% |
| 4-Yr CD | $500 | .90% | .90% |
| 5-Yr CD | $500 | 1.04% | 1.05% |
| IRA/SEP Savings-Variable Rate | $25 | .08% | .08% |
** Annual Percentage Yield (APY) is accurate as of September 19, 2023. Commercial, Business and Personal accounts qualify. Individual Retirement Accounts included. E-statement only. The account will not earn interest below the minimum qualifying balance.
Certificates of Deposit are available as Individual Retirement Account. Deposits of $250 or more may be added during the term to all new and renewed IRA/SEP CDs. For IRAs, the minimum amount you can deposit is designated in your IRA disclosure.
A penalty may be imposed for early withdrawal of certificates of deposit, including IRAs/SEPs invested in certificates of deposit.
Annual Percentage Yield (APY) is accurate as of effective date listed above.
Certificates of Deposit are available as Individual Retirement Account. Deposits of $250 or more may be added during the term to all new and renewed IRA/SEP CDs. For IRAs, the minimum amount you can deposit is designated in your IRA disclosure.
A penalty may be imposed for early withdrawal of certificates of deposit, including IRAs/SEPs invested in certificates of deposit.
The rate may change on variable rate deposit products after the account is opened.