| Personal
CDs and IRAs at Republic Bank of Chicago |
Republic
Bank now offers two breakable CDs!
Republic Bank is proud to
offer breakable CDs for a limited time. The bank will
permit withdrawal of the entire amount of the deposit if the
depositor wishes to reinvest no less then the original principal
amount in another CD at Republic Bank, with a term of greater then
or equal to 12 months. This action may not occur within seven
(7) days of account opening and the funds may not be reinvested in
another breakable CD. This product
offers great interest rate protection! Come visit one of our
Republic Bank Banking Centers for more details! |
|
3.50% APY* |
3.50% APY* |
|
16 months** |
36 months** |
| Special
CD offers! - Choose your term! |
|
4.44% APY |
OR! |
4.44% APY |
|
13 months*** |
|
25 Months*** |
| Call or visit your local
Republic Bank Banking Center
for current and up to date rate information. |
|
|
Certificates
of Deposit
Republic Bank offers a number
of great savings opportunities! Come in today for more
information. |
|
2.50% APY* |
2.50% APY* |
2.50%
APY* |
|
3 months** |
6 months** |
9 months** |
|
2.50% APY* |
2.50% APY* |
3.00% APY* |
|
10 months** |
11 months** |
24 months** |
|
3.00% APY* |
3.00%
APY* |
3.00% APY* |
|
30 months** |
48 months** |
60 months** |
*Annual
Percentage Yield assumes interest remains on deposit for term of
certificate of deposit and that withdrawals will reduce earnings.
APYs effective as of October
7,
2008.
Offer may be withdrawn at any time.
Interest penalty for early withdrawal.
**Minimum
deposit to open account is $1,000.00 ***New Money Only on 13 or 25 month
CD |
|
Individual
Retirement Accounts
Traditional IRA
The traditional IRA is an account which allows you to defer
taxes on your earnings until they are withdrawn. Also, certain
contributions are tax deductible in the tax year for which they
are made.
Roth IRA
The Roth IRA is a nondeductible account that features tax-free
withdrawals for certain distribution reasons after a five-year
holding period. Since Roth IRA contributions are nondeductible and
taxed in the year they are earned, people who expect to be in a
higher tax bracket when they retire may benefit more from these
accounts than from a traditional IRA.
Education IRA
The Education IRA is a nondeductible account that features
tax-free withdrawals for a very specific purpose--a child's higher
education expenses. At first glance, the Education IRA looks
similar to traditional and Roth IRAs. After all, higher education
distributions are permitted from these accounts as well. The
crucial difference is that while qualified higher education
distributions from a traditional or Roth IRA are penalty-free, the
same distributions from an Education IRA are penalty-free and
tax-free.
Consult your tax
advisor regarding how selecting one of these accounts would impact
your specific tax situation.
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