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Business Retirement Accounts

Designed for Businesses That Want to enjoy tax-deferred benefits while providing your employees with a retirement account.
Benefits / Features
  • Choice of Simplified Employee Pension Plan (SEP) or Qualified Retirement Plan (QRP) 1
  • Choose from terms of 12 months and 18 months
Opening Balance $250
Minimum Balance To Avoid Service Fee Not applicable
Monthly Service Fee Not applicable
Interest Fixed and compounded daily

1. For details on tax related issues, please consult your tax advisor.

For a complete description of our banking products and services, including information concerning rates, fees, balance computation methods, and compounding and crediting of interest, please contact us.