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Metropolitan Bank

Personal Individual Retirement Account (IRAs)

Looking to build a long term retirement savings plan with the benefits that may give you a tax advantage?

Individual Retirement Account (IRAs)

Metropolitan CD IRAs are one of the safest ways to save for retirement, as they are FDIC insured and offer steady returns

  • No annual service charge.
  • For distribution charges, refer to schedule of charges.
  • No Service Charge on mandatory distribution age of 70.5yrs old.
  • Individual Retirement Accounts are free.
  • Up to $5,500 a year tax deferred contribution for a single person; $10,000 for a couple (starting 2015). If age 50 years & older, the limit increases to $6,500 per person.
Minimum Balance to Open Monthly Maintenance Charge Per Item Charge Minimum Average Daily Balance Requirement to Waive Monthly Maintenance Charge
$1,000 None Not Applicable Not Applicable

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Checking, Savings and Certificates of Deposits at Metropolitan Bank are insured by the Federal Deposit Insurance Corporation, an agency of the Unites States Government. Each depositor is insured up to $250,000. Coverage of a higher amount is possible by opening accounts using more than one type of ownership or by opening an account under the Bank's special CDARS program.

Information is effective January 1, 2018 and is subject to change from time to time without notice.

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