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A Timberwood Bank Individual Retirement Account (IRA) is a tax-deferred savings plan with a wide range of maturities. 
  • $1000 minimum deposit to open a certificate of deposit IRA account
  • Maturity terms available from 1 year to 5 years
  • Annual statements
  • Standard CD early withdrawal penalties apply
    *Customers should consult their tax advisor concerning deductibility of deposits. 
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