Achieve your business goals
Michael Aschenbrenner - BEECH Land Management
Business IRA
VNB’s business SEP and SIMPLE IRAs are safe and offer you a variety of account options. Best of all, your IRAs will be grown with the same investment principles of safety and discipline we’ve exercised since opening our doors. That’s good news for you and your employees for years to come.
Account |
Learn More |
Opening Deposit |
Terms |
Tiered Interest Rate |
Renewal |
Fixed Term |
More |
$500.00 |
1 to 5 Years |
No |
Automatic |
FIXED-TERM IRA
- SEP and SIMPLE IRAs are available
- Minimum opening deposit of $500
- CD terms of 1 to 5 years
- 10 day grace period after maturity for withdrawals
- Penalty for withdrawal prior to maturity, forfeiture of interest regardless if earned, as follows: 6 months' forfeiture for CD with terms greater than 1 year
- Automatically renews
- Interest paid quarterly
- Calendar quarter statements
- Subject to IRA rules and regulations
|
18 Month |
More |
$500.00 |
18 Months |
No |
Automatic |
18 MONTH IRA
- SEP and SIMPLE IRAs are available
- Minimum opening deposit of $500
- 10 day grace period after maturity for withdrawals
- Penalty for withdrawal prior to maturity, forfeiture of interest regardless if earned
- Automatically renews
- Interest paid quarterly
- Calendar quarter statements
- Subject to IRA rules and regulations
|
Phoenix |
More |
$1,000.00 |
90 Days |
Yes |
Automatic |
PHOENIX IRA
- SEP and SIMPLE IRAs are available
- Minimum opening deposit of $1,000
- Deposits are permitted at any time
- Matures every 90 days
- 10 day grace period after maturity for withdrawals
- Penalty for withdrawal prior to maturity, 90 days forfeiture of interest regardless if earned
- Automatically renews
- Tiered interest rate structured by age of account:
1 - 12 months 1 year CD rate
13 - 24 months 2 year CD rate
25 - 36 months 3 year CD rate
37 - 48 months 4 year CD rate
49 months and greater 5 year CD rate
- Interest paid quarterly
- Calendar quarter statements
- Subject to IRA rules and regulations
|
Money Market |
More |
$100.00 |
Not applicable |
Yes |
Not applicable |
MONEY MARKET IRA
- SEP and SIMPLE IRAs are available
- Minimum opening deposit of $100
- Deposits are permitted at any time
- Tiered interest rates
- Interest paid monthly
- Monthly statements
- Subject to IRA rules and regulations
|