We believe that relationships with our customers are our most important asset and work to provide the best service possible to our customers every day. If we are not already your bank of choice, we hope Bank of Urbana will soon become your life-long financial partner and friend.

IRAs

We offer a full range of fixed and variable interest rate retirement accounts. From Traditional to Roth, SEP, and Coverdell Educational IRAs. Call a representative at 800/262-9229 for more details.

Individual Retirement Accounts - Variable

  • The interest rate changes on the first day of each calendar quarter
  • $250 required to open
  • Interest compounded quarterly
  • Additional deposits do not extend maturity
  • Issued on 18 month term
  • Automatically renews at maturity
  • This account is FDIC insured

Individual Retirement Accounts Fixed

  • The interest rate is guaranteed for the term of the certificate
  • $250 required to open
  • Interest compounded quarterly
  • Automatically renews at maturity
  • This account is FDIC insured

Other terms available. Contact us at 800/262-9229 for current rates.  

 

Interest will be compounded quarterly. Interest will be credited to the account quarterly. We use the average daily balance method to calculate interest on your account.

Interest begins to accrue on the business day you deposit non-cash items. Your account will mature in the length of time agreed to at account opening. If you withdraw any of the principal before the maturity date we may impose a penalty. The annual percentage yield assumes interest will remain on deposit until maturity. This account will automatically renew. You will have 10 calendar days after the maturity date to withdraw funds without penalty. Disclosure provided when account is opened.

Withdrawal will reduce earnings on account.