|  INDIVIDUAL RETIREMENT ACCOUNTS Traditional IRA - Minimum Opening/Renewal Deposit of $500.00
- Interest Accrues Daily and Reinvested Into the Account Semi-Annually
- IRA may have the same terms and rates as DSB Certificate of Deposit
- At the Age of 59 1/2, An Interest Payment Option May be chosen
- Withdrawals Are Not Allowed Until Maturity Without Substantial Penalties
Account Disclosures
 ROTH IRA - Distributions may be made if the following circumstances are met:
1) Attainment of age 59 1/2
2) Disabled
3) Purchase of first home
4) Death
5) Five years lapse from the first year in which a contribution was made - If the above requirements are not met, any earnings you draw from your Roth will be subject to early withdrawal penalty as well as tax ramifications. Any contributions made by account holder are removed first before distribution penalties apply.
- No required minimum distribution age as with a traditional IRA.
- Under certain conditions, traditional IRA's may be converted to Roth IRA.
Account Disclosures
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