IRAs
Be ready when you’re ready to retire
The simple truth is that most people will be ready to retire physically and mentally, but not financially. That’s why it’s important to begin saving now. Since April 1, 2006 the FDIC has been insuring Individual Retirement Accounts (IRAs) for up to $250,000. That means that money you invest here will be secure for the long-term. You can start building your nest egg with a Savings IRA (Roth or Traditional) that works for you. And with FVSB high-yield, fixed rate CDs the little bit you’re able to save now will help you be prepared later. Below is some basic information on both Fixed and Savings IRA accounts.
Fixed Rate Retirement Investments:
| Term | Minimum | APY | Rate |
| 1 Year | $500 | 0.70% | 0.75% |
| 2 Year | $500 | 1.00% | 1.00% |
| 3 Year | $500 | 1.30% | 1.30% |
| 4 Year | $500 | 1.60% | 1.60% |
Annual Percentage Yields (APYs) effective from January 30, 2012 through February 5, 2012.
Fox Valley Savings Bank reserves the right to limit new accounts to people residing in its Wisconsin market areas.
IRA Savings
| Deposit Range | Rate | Yield |
| $50 - $2,499 | 0.25% | 0.25% |
| $2,500 - $9,999 | 0.40% | 0.40% |
| $10,000 - $24,999 | 0.50% | 0.50% |
| $25,000 and Over | 0.70% | 0.70% |
Annual Percentage Yields (APYs) effective for the month of February, 2012.
