Individual Retirement Accounts

Traditional IRA - This is an account which allows you to defer taxes on your earnings until they are withdrawn. Also, certain contributions are tax deductible in the year they are made.

Roth IRA - This account is a nondeductible IRA that offers tax-deferred earnings. Tax-deferred earnings allow you to grow your nest egg at a faster pace than taxable investments. But, the best part about the Roth IRA is that it offers tax-free distributions if you follow certain requirements. That means the money you withdraw is yours alone and does not have to be included as income at tax time. No other investment product allows you this type of tax-free benefit.

Educational IRA (CESA) - This account is a nondeductible account that features tax-free withdrawals for a very specific purpose - a child's higher education expense. Higher education distributions are permitted from Traditional and Roth IRA's as well, but the crucial difference is that while qualified higher education distributions from these IRA's are penalty free, the same distributions from an Educational IRA are penalty free and tax free.

Rates are posted for your convenience. They are subject to change without notice. To verify rates, please contact the bank.

Please see your local office for rate specials

Term	Interest Rate
1 Year IRA	0.20% APY
9 Month IRA	0.15% APY
15 Month IRA	0.25% APY
18 Month IRA	0.25% APY
2 Year IRA	0.30% APY
30 Month IRA	0.40% APY
3 Year IRA	0.50% APY
4 Year IRA	0.70% APY
5 Year IRA	1.00% APY

Penalty for early withdrawal. Annual Percentage Yields effective May 21, 2013 and subject to change thereafter.

$50 Minimum Balance Required.

Other IRA Information

The following information applies to all of the IRA's that Thumb National Bank & Trust Co. offers:

• The interest rate on any Thumb National Bank & Trust Co. IRA is set at the time it is purchased, and is guaranteed to its full maturity. 
• Earned interest is compounded quarterly. 
• Your IRA is automatically renewable upon maturity at the current market interest rate. 
• No fees are charged for the distribution of your IRA. 
• If a withdrawal of all or part of a certificate is made prior to its' maturity, substantial IRS and other penalties may apply. It is therefore recommended that you invest in IRA's with carefully selected maturities which will best meet your financial goals.

IRA Specialists

Jill Terrian jill.terrian@thumbnational.com