Money Market IRA Rates

What You Need to Know

• A minimum deposit of $25 is required to open a premier money market account.
  
• Debit cards, ATM cards, or checks are not available because IRS regulations require withdrawals to be properly coded for IRS reporting requirements.
• A minimum balance fee of $10.00 will be imposed every month or statement period if the balance in the account falls below $1,000 on any day of the month or statement period.
• You will have view or inquiry only access to Digital Banking. An account statement will be provided monthly. You are limited per the IRS regulation regarding contributions based on age, income, and other factors. Early or premature withdrawals from an IRA may be subject to a 10% early withdrawal tax from the IRS.
• The interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on the account daily. Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks). Interest will be compounded monthly and will be credited to the account monthly.
• If you use mobile banking to access your account, message and data rates charged by your mobile carrier may apply.
• Fees charged to Academy Bank Premier Money Market & CD IRA accounts could reduce the earnings on the account. If the account is closed before accrued interest is credited, you will receive the accrued interest.