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Individual Retirement Accounts

Home > Personal Banking > Individual Retirement Accounts

Intended specifically to help you plan for your retirement, Salin offers fixed and variable Individual Retirement Accounts (IRAs). Our fixed IRAs allow you to lock in rates that are set for the term of the investment, while variable IRAs allow you to make ongoing additional contributions to the account (up to the IRS-allowed maximum). Your contributions can even be deducted from your Salin checking or savings account. Another way Salin makes banking easy; we can help you consolidate your life long banking needs into one familiar place.

IRA Certificates of Deposits

Type	Minimum Deposit	Compounding	Rate	APY*
12 Month Fixed IRA	$1,500	Quarterly	0.25%	0.25%
36 Month Fixed IRA	$1,500	Quarterly	0.55%	0.55%
48 Month Fixed IRA	$1,500	Quarterly	0.80%	0.80%
60 Month Fixed IRA	$1,500	Quarterly	1.10%	1.10%
12 Month Fixed ROTH IRA	$1,500	Quarterly	0.25%	0.25%
36 Month Fixed ROTH IRA	$1,500	Quarterly	0.55%	0.55%
60 Month Fixed ROTH IRA	$1,500	Quarterly	1.10%	1.10%
18 Month Variable ROTH IRA	$1,500	Quarterly	0.30%	0.30%
12 Month Fixed Education IRA	$500	Quarterly	0.25%	0.25%
60 Month Fixed Education IRA	$500	Quarterly	1.10%	1.10%

Rates are effective 01/17/2012 and are subject to change. Rates are subject to change on variable accounts. Substantial penalty for early withdraw.
*APY = Annual Percentage Yield

IRA Savings Accounts

Type	Minimum Deposit	Compounding	Rate	APY*
IRA Savings - $50 to open	$1 - $9,999	Quarterly	0.09%	0.09%
IRA Savings - $50 to open	$10,000 - $24,999	Quarterly	0.09%	0.09%
IRA Savings - $50 to open	$25,000 - $49,999	Quarterly	0.19%	0.19%
IRA Savings - $50 to open	$50,000 - $99,999	Quarterly	0.29%	0.29%
IRA Savings - $50 to open	$100,000 & Above	Quarterly	0.44%	0.44%

*Annual Percentage Yield (APY). Payments from your Salin IRA Savings Account are subject to federal income tax withholding, unless you elect no withholding. You may change your withholding election at any time prior to your receipt of a payment. Your withholding election does not aff ect the amount of income tax you pay. You may incur penalties under the estimated tax rules if your withholding and estimated tax payments are insufficient. You may be required to pay estimated taxes even if you elect withholding. Rates may change after the account is opened. Fees may reduce earnings. A fee may be imposed when a minimum balance requirement is not met.

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