An IRA Savings account is an account established for saving for retirement. This account earns a variable rate of interest and is subject to both government and bank regulations. Village Bank offers Traditional, Roth and SEP IRA’s.

$100.00 minimum opening deposit
No maturity date
No monthly service fee if a $100 minimum monthly balance is maintained. If the balance falls below this level, the service fee is $3.00 per month
All other IRA rules for contribution limits, distribution limits and penalties for pre-mature withdrawal apply as specified
by the Internal Revenue Service

Village Bank offers a full complement of Certificates of Deposit and IRA Certificates of Deposit. Terms for Certificates of Deposit range from 1 month to 60 months. Terms for IRA accounts range from 12 months to 60 months. Early withdrawal penalties may apply.