An 18 month IRA Certificate is made available by Hebron Savings Bank to residents of Maryland’s Eastern Shore and Sussex County in Delaware. The APY, which took effect July 10, 2009, is 1.50% and is compounded daily. Minimum initial deposit required and minimum required to earn the disclosed APY is $250. There is a substantial penalty for early withdrawal.
Other IRA terms available are 12 months and greater.
Hebron Savings Bank offers Traditional IRAs, Roth IRAs and Simplified Employee Pension Plans.