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This account is great for the IRA investor that makes lump sum contributions. You earn the same interest rate as the one year Bank of Maysville CD which begins at the time you open or roll-over your account (see current deposit rates), and continue to earn that rate for the entire one year term.
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If you like to make your IRA contributions in increments, this investment option is just for you. Deposits are allowed throughout the 18 month term, and the interest rate varies with the 91-day T-Bill rate (see current deposit rates) at the first of each calendar quarter. This account earns a higher interest rate than our savings account, and is perfect for direct deposit or automatic transfer.
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