Individual Retirement Accounts

Traditional IRA
  • Contributions may be tax deductible1
  • No income eligibility limits to open but you must have earned income
  • No minimum contribution requirement
  • You pay taxes on your contributions and earnings when you make a withdrawal
  • Withdrawals before age 59½ may also incur a 10% IRS early withdrawal penalty2
  • Required Minimum Distributions (RMDs) begin at age 73
  • $50.00 minimum to open
  • Interest compounded monthly
  • Additional deposits are permitted:
    • Minimum additional deposit amount: $10.00
    • Maximum additional deposit amount during a term is equal to the IRS limits
  • You may qualify for a “direct rollover” of your money into a new Traditional IRA account with us upon retiring or changing jobs
  • IRA rollovers and transfers from your Unico Bank IRA made prior to maturity may be subject to early withdrawal penalties

 

  • 1 Subject to minimal conditions. Consult your tax advisor for details.
  • 2Consult with your tax advisor for details regarding qualified withdrawals.
Roth IRA
  • Contributions are made with money that has already been taxed so contributions are NOT tax deductible
  • Eligibility to open and/or make contributions to a Roth IRA are subject to income limits1
  • Earnings are tax-free at retirement
  • Distribution of earnings before age 59½ may be subject to a 10% IRS penalty and income taxes2
  • Principal contributions may be withdrawn without an IRS penalty
  • No required minimum distributions (RMDs)
  • No limit on age for making contributions as long as you have earned income
  • $50.00 minimum to open
  • Interest compounded monthly
  • Additional deposits are permitted
    • Minimum additional deposit amount $10.00
    • Maximum additional deposit amount during a term is equal to the IRS limits
  • You may qualify for a “direct rollover” of your money into a new Roth IRA account with us upon retiring or changing jobs1
  • Your beneficiaries can inherit your Roth IRA and receive tax-free withdrawals
  • Principal withdrawals, IRA rollovers, and transfers from your Unico Bank IRA made prior to maturity may be subject to early withdrawal penalties

 

  • 1 Consult your tax advisor for details.
  • 2 Consult your tax advisor for details regarding qualified withdrawals.
Rates
TERM RATE APY
91 DAY 0.05% 0.05%
6 MO 3.75% 3.82%
9 MO 3.65% 3.71%
12 MO 0.30% 0.30%
13 MO 4.15% 4.23%
15 MO 3.60% 3.66%
18 MO 4.05% 4.12%
24 MO 0.50% 0.50%
30 MO 0.50% 0.50%
36 MO 0.55% 0.55%
48 MO 0.60% 0.60%
60 MO 0.70% 0.70%

Rates effective as of 09/17/2026

Interest will be compounded monthly.

APY = Annual Percentage Yield
$1,000.00 minimum deposit to open.
Penalty for early withdrawal.  Fees may reduce earnings. 

*11 Month CD Special Previously Offered Renews at 9 Month CD Rate/Term Upon Maturity.
*21 Month CD Special Previously Offered Renews at 18 Month CD Rate/Term Upon Maturity.

Member FDIC