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UmbrellaBank offers a variety of retirement products to
provide tax deferred investment opportunities for your
retirement portfolio. Even if your IRA contribution isn't
tax deductible, the earnings from Traditional IRAs are
tax-deferred and in the case of the Roth IRA, the earnings
are potentially tax-free. This advantage can make a big
difference in the amount of money your investment earns.
Learn
About IRAs | Plan
Your Retirement | Service
an Existing IRA | FAQs about IRAs
 IRA
Money Market : Initial
Minimum Deposit : $1,000 |
- Roth or Traditional
- High Yield Variable APY*
- Easy
Access - Deposits can be made as often as you want
- Flexible
Contributions - Add to your IRA when it's best for you.
Contribute in one lump sum or with smaller installments,
such as payroll deductions (direct deposit), or automatic
transfers from a checking or savings account
- Flexible
Distributions - Receive distributions from your IRA
easily (by check or transfer to another account). If you're
over 59, you can have an automatic deposit to a checking
or savings account.
- Interest
earned is tax-deferred and, in the case of a Roth IRA,
tax-free*
- Annual Fee Only $10.00
|
Daily
Balance |
APY* |
| <$1,000 |
0.35% |
| $1,000-$4,999 |
3.40% |
| $5,000-$9,999 |
3.40% |
| $10,000-$24,999 |
3.40% |
| $25,000-$49,999 |
3.40% |
| $50,000
and over |
3.40% |
*APY = Annual Percentage Yield |
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| IRA
CDs : Initial
Minimum Deposit : $1,000 |
- Roth or Traditional*
- High
Yield APY*
- Easy to maintain
- Choose a term that
best suits your needs -1 Year, 18 Months, 2 Years, 30
Months, 3 Years or 5 Years
- Guaranteed fixed rate for
the term of the CD
- Interest earned is tax-deferred
or tax-free withdrawn
- Taxable income may be reduced
- Security
- FDIC Insured
- Online Statements1
- Annual
Fee only $10.00
|
Term |
APY* |
| 1
Year |
4.10% |
| 1.5
Year |
4.25% |
| 2
Year |
4.35% |
| 2.5
Year |
4.30% |
| 3
Year |
4.30% |
| 5
Year |
3.50% |
*APY = Annual Percentage Yield |
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| Education
Money Market : Initial
Minimum Deposit : $50 |
- Coverdell Education Money Market Account
- High Yield Variable APY*
- Interest earned is tax-free if withdrawn for qualified
education expenses
- Easy Access - Deposits can be made as often as you
want
- Flexible Contributions - Contribute in one lump sum
or with smaller installments, such as payroll deductions
(direct deposit), or automatic transfer from a checking
or savings account
- Flexible Distributions - Receive distributions for
qualified educational expenses easily by check or transfer
to another account
- Security - FDIC Insured
- Online Statements
- No Annual Maintenance Fees
|
Daily
Balance |
APY* |
| <$500 |
0.35% |
| $500-$4,999 |
3.40% |
| $5,000 and over |
3.40% |
*APY = Annual Percentage Yield |
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| Education
IRA CDs : Initial
Minimum Deposit : $500 |
- High Yield APY*, Fixed for term of CD
- Easy to maintain
- Choose a term that best suits your needs -1 Year,
18 Months, 2 Years, 30 Months, 3 Years or 5 Years
- Interest earned is tax-free if withdrawn for qualified
education expenses
- Security - FDIC Insured up to $100,000
- Online Statements1
- No Annual Maintenance Fees
|
Term |
APY* |
| 1
Year |
4.10% |
| 1.5
Year |
4.25% |
| 2
Year |
4.35% |
| 2.5
Year |
4.30% |
| 3
Year |
4.30% |
| 5
Year |
3.50% |
*APY = Annual Percentage Yield |
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- Online account access for CDs will allow you to review
your principal balance and interest posted to your account.
Accrued interest is not available online. CD notices will
be mailed at maturity.
Note: You should consult your tax advisor for specific
details on IRAs and which type is best for you. "APY"=
Annual Percentage Yield. Deposit of $1,000 required
on all Traditional or Roth IRA Certificates of Deposit
(CDs). Deposit of $500 required on all Coverdell
Education Money Market Account CDs. Certain fees
and/or withdrawals of interest may reduce yields
on accounts. A substantial penalty may be imposed
for early withdrawals
Rates current as of, 08/20/2008. Interest
rates subject to change at UmbrellaBank's discretion. Your
rate is determined as of the day we receive your
funds to open your account, not the day your application
is submitted to us.
UmbrellaBank.com deposit accounts are subject to approval. |
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