While retirement may seem far off, it’s important to start investing in your post-job life as soon as possible. Every dollar you put into a retirement account today has the opportunity to grow over time, so consider the contributions you make now to be a present to your future self. And believe us: you’ll be thankful for it.
We know that sometimes the hardest part of retirement planning is getting started. Which is why you can start a retirement plan at Mechanics Bank with as little as $25 in a Passbook Savings IRA and $100 in a Certificate of Deposit (CD) IRA.
For our IRA owners who are already enjoying retirement (age 59 ½ and older), Mechanics waives any CD early withdrawal penalties for retirement disbursements.
And because we realize how important it is for you to meet your retirement goal, many of our CD IRAs have an adjustment privilege which allows you to increase the rate of your CD IRA once during the term without a penalty or fee. You may increase your rate to match the current rate for CD IRAs of the same term as your CD IRA.
To begin your successful retirement plan, email the IRA Department at firstname.lastname@example.org or call 419-524-0831.
Please refer to your account disclosure for other important information.