Compare IRA Accounts

Account TypeIRA Statement SavingsIRA Certificate of Deposit

Account Type


Opening Deposit

IRA Statement Savings


$10.00

IRA Certificate of Deposit


$1,000.00

Account Type


Minimum Balance

IRA Statement Savings


$10.00

IRA Certificate of Deposit


$1,000.00

Account Type


Maintenance Fee

IRA Statement Savings


$3.00 monthly fee
Fee is $0 providing the minimum balance requirement is maintained.

IRA Certificate of Deposit


No

Account Type


Interest Bearing*

IRA Statement Savings


Yes

IRA Certificate of Deposit


Yes

Account Type


Features

IRA Statement Savings


No term, no penalty for early withdrawal (IRS penalties may apply.)

IRA Certificate of Deposit


Fixed rate during the term of the certificate

*Interest rates set by BayVanguard Bank are subject to change.
IRA Statement Savings interest is calculated daily and credited quarterly.
IRA Certificate of Deposit interest is calculated daily and credited monthly.
All accounts subject to qualification requirements and must agree to Terms and Conditions.

Individual Retirement Accounts Statement Savings

A minimum deposit of $10.00 is required to open and credit interest. The following conditions apply:

  • Interest is compounded daily and credited quarterly
  • Minimum balance to earn interest is $10.00
  • $3.00 monthly maintenance fee if balance drops below $10.00
  • Variable interest rate
  • No term, no penalty for early withdrawal (IRS penalties may apply)
  • Deposits may be made at any time (IRS rules apply)

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Fax:
410-477-1020
Address:
7114 North Point Road Baltimore, MD  21219

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