$2,500 average daily collected balance to avoid
monthly maintenance charge.
$10 monthly maintenance charge if balance falls
below minimum.
Tier 1 = $0.01 - $19,999.99 average
daily collected balance to earn APY (annual percentage
yield).
Tier 2 = $20,000 - $39,999 average
daily collected balance to earn APY (annual percentage
yield).
Tier 3 = $40,000 average daily
collected balance and higher to earn APY (annual
percentage yield).
Certificates of Deposit [CD's]
DNB has many terms to
choose from and our minimum balance requirement is
just $1,000 to open the account and to earn APY (annual
percentage yield).
Individual Retirement
Accounts [IRA's]
If you're looking for a secure financial future, retirement
planning is a great place to start. At DNB First, our
experienced, professional staff can help you prepare
for your financial needs, and the needs of your family.
No tax deduction
for contributions
Contribution
may or may not be deductible
Earnings
are tax exempt
Tax deferred
Age requirements
unlimited
Under 18
Under 70
½
Earned income
requirements
None
Annual contribution
limit
$5000
$2000
$5000
No required
minimum age for distribution
Minimum
age of 30
Minimum age
of 70 ½
Spousal
contribution limit
$5000
N/A
$5000
Annual Catch-Up
Contribution Age 50 or Older
$1000
N/A
$1000
Investment Option Disclosure
Fees on accounts may reduce earnings.
Annual Percentage Yield is accurate as of 7/29/2010.
Money Market Accounts are variable rate accounts.
Minimum balance is defined as balance required
to earn APY (annual percentage yield).
