Individual Retirement Accounts

  IRAs Fixed IRAs   30 Month Fixed IRA

Fixed IRAs

Effective January 1, 2015, the Internal Revenue Service has amended the rules governing annual rollovers from Individual Retirement Accounts. For more information visit the
IRS website.


Minimum to Open $1,000
Maximum to Open
Maximum per plan year is based on IRA Guidelines. No ceiling on IRA rollovers of IRA transfers.
Minimum Term 12 Months
Maximum Term 60 Months
Interest Distribution
Deposited to account monthly.
Renew Option Automatic
Early Withdrawl Penalty

For terms one year or less, the penalty for early withdrawal will be three months interest.

For terms over one year, the penalty will be six months interest.

At age 59 1/2 no penalties can be incurred for withdrawls.

Customer Service 1-800-NBT-BANK (1-800-628-2265)
E-mail NBT Bank
Statement Options Summary of IRA information can be included on a monthly portfolio statement

Account Opening Options