The Blue Grass Valley Bank
 
Monterey, VA ♦ (540) 468-1915
Blue Grass, VA ♦ (540) 474-2430
 
The Blue Grass Valley Bank
 

Individual Retirement Account


 

 This account is exclusively for our IRA account holders. This account, with a very competitive rate and FDIC insurance, offers our IRA customers a combination of safety and a respectable return on their retirement assets. The Blue Grass Valley Bank offers the following types of IRA’s:

  

  • Traditional IRA
  • Roth IRA

  

Rate Information: This account is an interest bearing account. The interest rate and annual percentage yield are included in the Rate Chart. The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect for one (1) year. Interest begins to accrue on the business day you deposit non-cash items (for example, checks). Interest will be compounded quarterly and will be credited to the account quarterly.

  

Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $100.00 in the account each day to obtain the disclosed annual percentage yield.

 

Limitations: You must deposit $100.00 to open this account.

Protect your retirement nest egg with an IRA so that it will protect you when you need the cash!