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Passbook IRA Account

Requirements:

  • No minimum balance required.

Benefits:

  • Interest will be compounded semi-annually and paid semi-annually to the account.

Limitations:

  • During any statement cycle of at least four weeks, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of checks, online transfers, and preauthorized electronic transactions including Point of Sale transactions.