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: Tuesday, March 19, 2024

Minimum Balance
to Earn APY
Interest RateAPY
12 Months IRA CD*$5004.70%4.80%
12 Months HSA CD*$5004.70%4.80%
6 Month CD Special$10,000

Additional .10% increase with $10,000 New Money to Passumpsic Bank = 4.85% APY**
4.64%4.75%
12 Month CD Special$10,000

Additional .10% increase with $10,000 New Money to Passumpsic Bank = 4.60% APY**
4.40%4.50%
18 Month 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$5001.04%1.05%
IRA/SEP Savings-Variable Rate$25.08%.08%
Disclaimer

*Annual Percentage Yield (APY) is accurate as of February 26th, 2024. Personal accounts only. The account will not earn interest below the minimum qualifying balance. Term of 12 months. A Health Savings Account checking account with Passumpsic Bank will be required for the Health Savings Account CD special.

Certificates of Deposit are available as Individual Retirement Account and Health Savings Account. Limited to new contributions and/or Transfers/Rollovers from another financial institution. Consult tax advisors regarding deductibility.

A penalty may be imposed for early withdrawal of certificates of deposit, including IRAs/HSAs invested in certificates of deposit.

 

** 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.

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Options for IRAs: