Individual Retirement Accounts (IRA)
There's no time like the present to think about the future. Make sure you've planned ahead and that your future is well taken care of by investing funds in a Main Street Financial IRA.
Individual Retirement Accounts (IRAs) help you save for the future while taking advantage of government tax breaks. Earnings are tax-deferred when Federal regulations are met and in some cases, contributions can be tax deductible. Consult your tax adviser to see about tax benefits.
- Summary
We offer Traditional, Roth, and Coverdell Educational IRA Share Accounts and Certificates. Let one of our experienced professionals help ensure that you make the right choice. As a Share Savings Account, your IRA earns a variable rate. As a Share Certificate your IRA earns a fixed rate for a certain period of time.
- $500 to open an IRA Share Certificate
- $5 to open an IRA Share Account
- Traditional, Roth and Coverdell Educational IRAs available
- Dividends paid monthly and at maturity
- 1 to 3 year terms on IRA Share Certificates
Rates
Rates current as of September 7, 2010
| Share Certificate Rates* | Rate | APY ¹ |
|---|
| 12/6 Month IRA Share Certificate | 0.95% | 0.95% |
| 12 Month IRA Share Certificate | 1.05% | 1.06% |
| 24 Month IRA Share Certificate | 1.50% | 1.51% |
| 36 Month IRA Share Certificate | 1.75% | 1.76% |
| IRA Share Accounts | Rate | APY ¹ |
|---|
| IRA Share Accounts | 0.50% | 0.50% |
| Minimum balance to earn dividends on above is $5. |
