Personal Savings IRA and CDs – Idaho - Sunwest Bank
Important Articles
 

Personal Savings IRA and CDs – Idaho

Personal Savings IRA and CDs – Idaho

Product InformationSelect Personal Money MarketSelect Personal SavingsSelfcareHSA Health Savings AccountSelect Individual Retirement Account (CD)Select Personal Freedom Time Account Regular (CD)
Monthly Service Charge3$10$2$5No chargeNo charge
How To Avoid Monthly
Service Charge
See below1Maintain an Average Daily Balance2 of $200 or more each month.Monthly service charge waived for maintaining a minimum daily balance of $2,000 or more or $5,000 Average Daily Balance2 or more each month.
*Call us about employer sponsored discounts
Not applicableNot applicable
Minimum Balance to Open$100$100$0$500$500
Features and Account BenefitsPays Interewst, Online Banking, Bill Pay, eStatementsPays Interest, Online BankingPays Interest, Online Banking, Check Writing, Debit CardUnlimited Deposits Available, Online Banking AccessUnlimited Deposits Available, Online Banking
Transaction Restrictions and LimitationsRegulations prohibit no more than six (6)3 withdrawals or electronic transfers per monthRegulations prohibit no more than six (6)3 withdrawals or electronic transfers per monthSelfcareHSA terms and conditions apply.Substantial penalty for early withdrawal terms and conditions may apply. Tax implications may apply4Substantial penalty for early withdrawal after one penalty-free withdrawal during each term

Refer to Account Terms and Conditions

1. Monthly service charge waived for maintaining an Average Daily Balance of $2,500 or more, or a Combined Average Daily Balance of $10,000 or more each month.

2. Average Daily Balance: The Average Daily Balance is calculated by adding the principal in the account for each day of the month and dividing that figure by the number of days in the month.

3. Six (6) covered transactions per calendar month (including preauthorized debits, online banking transfers, payments to 3rd parties, telephone transfers, and point of sale transactions).

4. Tax Implications: Please consult a professional tax specialist for IRS rules governing Individual Retirement Accounts, including differences between Traditional IRA and Roth IRA tax treatments and IRS penalties on funds withdrawn from IRAs.