Bank of New HampshireWe Love NH April 18, 2014 4:51 PM
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Savings, CDs & IRAs

Open an Account Today No matter what your goals are, we have a savings program that works for you. 

Account 

Minimum Balance
to Open
 

Minimum Balance
to Earn Interest
 

Monthly
Maintenance Fee
 

Savings

$100

No Minimum
Balance Required

$2 if average
balance falls below $100

Traditional IRA

$100

 No Minimum
Balance Required

N/A

Roth IRA

$100

No Minimum
Balance Required

N/A

Education IRA

$100

No Minimum
Balance Required

N/A

IRA Certificates of Deposit

Varies by Term

Varies by Term

N/A

Certificates of Deposit

Varies by Term

Varies by Term

N/A

Individual Retirement Accounts* (IRA)
Retirement is the time to enjoy life, and we want to make sure you have the financial security to live the retirement of your dreams. That’s why we offer a variety of no maintenance fee, tax-advantaged IRA investments.

Traditional IRA
Your contributions are 100% vested immediately and may be deductible for the year it is made depending on whether or not you participate in a retirement plan. Earnings grow tax-free until withdrawn. Distributions are required in the year you turn 70½.

Roth IRA
A Roth IRA allows annual non-deductible contributions. Earnings grow tax-free, and qualified distributions are tax-free after a five-year holding period. Mandatory distributions are NOT required at age 70½.

Education IRA
Contributions to an Education IRA are not tax deductible. However, withdrawals that are made for a child’s higher education expenses are tax-free and penalty-free in the year they are taken.

*Consult your tax advisor about the tax deductibility of contributions, distributions, and earnings.
                                                                                                                                                                                          
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