!-- Global site tag (gtag.js) - Google Analytics -->

IRA

To assist you in building your nest egg, Roselle Savings Bank offers a variety of secure IRA investments including Traditional IRAs, Roth IRAs, and Coverdell Education Savings Accounts. We recommend you seek tax advice from your Tax Advisor to ensure that you select the IRA that best fits your needs

Type of Account Minimum Opening Balance Interest Rate Annual Percentage Yield
12 Month $1,000 1.47% 1.50%
18 Month (Fixed Rate) $1000 0.74% 0.75%
24 Month $1,000 1.95% 2.00%
30 Month $1,000 1.95% 2.00%
36 Month $1,000 2.44% 2.50%
48 Month $1,000 2.68% 2.75%
60 Month (maximum $250,000) (2,3,4) $1,000 2.92% 3.00%
84 Month (3,4) $1,000 3.15% 3.25%

Available to individuals residing in the New Jersey Counties of Essex, Hunterdon, Middlesex, Morris, Somerset, Union and Warren.    

ALL RATES AND TERMS ARE SUBJECT TO CHANGE WITHOUT NOTICE. Penalties for early withdrawal.

 

2. Maximum deposit of $250,000 for each Tax ID. 3. Minimum deposit of $1,000 to open. For IRA Bump-Up Certificate of Deposit (CD) Accounts, during your term you are permitted to make a one-time request to increase your interest rate at your discretion. Your request to adjust your interest rate is limited to the rate in effect for your IRA Bump-Up CD at the time of your request. A one-time interest rate increase will not extend the original maturity date of your account. 4. Annual Percentage Yield (APY) effective as of 8/8/18. APYs are subject to change without notice and offer may be withdrawn at any time without notice. No public or corporate funds. Penalty for early withdrawal. Fees could reduce earnings. Other rates and terms also available. See a customer service representative or visit www.roselle.bank for more details.

IMPORTANT INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

© Copyright Roselle Savings Bank 2018. All Rights Reserved.