RETIREMENT ACCOUNTS
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
.85%
$2,000
BALANCE TO OPEN
$2,000
BALANCE TO
BALANCE TO
OBTAIN APY
2 Year
.95%
$2,000
BALANCE TO OPEN
$2,000
BALANCE TO
BALANCE TO
OBTAIN APY
3 Year
1.00%
$2,000
BALANCE TO OPEN
$2,000
BALANCE TO
BALANCE TO
OBTAIN APY
4 Year
1.05%
$2,000
BALANCE TO OPEN
$2,000
BALANCE TO
BALANCE TO
OBTAIN APY
5 Year
1.10%
$2,000
BALANCE TO OPEN
$2,000
BALANCE TO
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.
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.
* Annual Percentage Yields (APYs) on certificates of deposit (CDs) are fixed to maturity and are effective as of 9/8/2020. 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.