RETIREMENT ACCOUNTS

Savoy offers a variety of options to make the most of your retirement resources. Call us to learn which account and investment strategy will best serve your retirement goals.

1 year
1.65%APY*
$2,000balance to open
$2,000 balance to
obtain APY
2 year
1.75%APY*
$2,000balance to open
$2,000 balance to
obtain APY
3 year
1.80%APY*
$2,000balance to open
$2,000 balance to
obtain APY
4 year
1.85%APY*
$2,000balance to open
$2,000 balance to
obtain APY
5 year
1.95%APY*
$2,000balance to open
$2,000 balance to
obtain APY

Roth IRA

  
You make contributions with after-tax assets. Transactions within the IRA (Individual Retirement Account) have no tax impact and withdrawals are usually tax-free.Individual circumstances may apply. Please consult your tax adviser.

Open Account

Traditional IRA
Your contributions are typically tax-deductible (made with pre-tax assets) and all transactions and earnings within the IRA Individual Retirement Account) have no tax impact. Withdrawals following retirement are taxed as regular income. Individual circumstances may apply. Please consult your tax adviser.

Open Account

 

 

* Annual Percentage Yields (APYs) on certificates of deposit (CDs) are fixed to maturity and are effective as of 3/17/2020. APYs are based on interest compounded daily for CDs opened at less than $100,000.00.  Interest will not compound on CDs opened at $100,000.00 or more. APY assumes interest remains on deposit until maturity.  A withdrawal or fees will reduce earnings on the account. A penalty may be charged for early withdrawal.