Individual Retirement Accounts You must deposit $1,500.00 to open this account.You must maintain a minimum daily balance of $1,500.00 in the account each day to obtain the disclosed annual percentage yield. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement.Interest begins to accrue on the business day you deposit noncash items (for example, checks). We use the daily balance method to calculate interest on your account.We may change the interest rate at any time on your account therefore your interest rate and annual percentage may change.Interest will be compounded every 12 months and will be credited to your account every 12 months. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.You may not make withdrawals from your account until the maturity date. You must make minimum contributions of at least $100.00.We may impose a penalty if you withdraw any or all of the funds before the maturity date. The penalty imposed will equal 3 months of interest on your account.Your account will automatically renew at maturity. You will have a grace period of 10 calendar days after the maturity date to withdraw the funds in the account without being charged an early withdrawal penalty.A fee of $20.00 will be charged upon closing or transferring out your account.