IRA Rates

*The minimum to open any retirement certificate account, fixed or variable, is the same daily minimum to earn the annual percentage yield.

** Interest will be credited on the next to the last business day of each interest crediting period and at maturity. That interest is then available to be withdrawn the following business day. If you close your variable rate interest bearing retirement account before interest is credited you will not receive the accrued interest.

*** The penalty for a premature withdrawal from a fixed rate retirement certificate account during the initial or any subsequent renewal term will be at the interest rate being paid on the account, regardless of the length of time the funds have remained on deposit. The penalty for a variable rate certificate account will be calculated based on the average of the interest rates in effect during the term of the account, regardless of the length of time the funds have remained on deposit. Any withdrawal which reduces the account balance below the initial/renewal balance shall be considered as a withdrawal of the entire account balance.

**** All fixed rate and variable rate retirement certificates provide for automatic renewals unless at least 10 days prior to the maturity date, Columbia gives written notice to the accountholder that the account will not be renewed. In such event, upon maturity, the account will be converted to a variable rate retirement savings account and will receive earnings at the interest rate then paid on variable rate retirement savings accounts. The grace period for all certificates is seven days from the date of maturity. During this period, funds can be withdrawn without penalty and will earn interest at the rate Columbia is offering on the maturity date on certificates for that term.