Oregon Coast Bank offers two types of Individual Retirement Accounts, a fixed IRA and a variable IRA. There are only two IRA terms offered:
1. 12 month IRA Fixed and 12 month IRA Variable at 1.65%APY; and
2. 24 month IRA Fixed and 24 month IRA Variable at 2.25%APY.
Both IRA terms require at least $1,000 minimum opening deposit. The APY are accurate as of August 21, 2009 but subject to change. A penalty may be imposed for early withdrawal.
Oregon Coast Bank, which has four (4) locations in Oregon, is FDIC insured.