individual retirement accounts

Service Charges

There are currently no service charges applied to IRA accounts.


You can withdraw funds from your IRA in person or by phone.  These withdrawals are governed by the restrictions in the custodial agreement.  Compliance with those terms is the responsibility of the account holder.  On interest bearing accounts, except time certificates of deposit, we reserve the right to require at least seven days written notice before any withdrawal.

We do not allow pre-authorized automatic debits against an IRA to pay third parties. 

Interest Earnings

Interest earned is credited, and compounded, to certificate of deposit IRA’s quarterly.  Interest earned is credited, and compounded, to IRA open accounts monthly.  If you close your account before interest is credited, you will not receive the accrued interest.  If the average daily balance of the account for any month is less than $50.00, no interest will be earned for that period.

Interest on IRA open accounts is calculated on the average daily balance.  Adding the balance of the account for each day of the month and dividing that sum by the number of days in the month determines such average balance of an account.

Interest begins to accrue on non-cash deposits no later than the business day on which the deposit posts to the account.  Checks are considered non-cash items.

The interest rate and Annual Percentage Yield may change on an IRA open account.  At our discretion, we may change the interest rate on an IRA open account monthly.  The account statement will report the Annual Percentage Yield.  You may call the bank anytime to learn the current interest rate your account is earning. 

The interest rate and APY of certificate of deposit IRA accounts are set when the account is opened and remain the same until maturity.  The interest rate and APY may change if the IRA certificate renews at maturity.  You may call the bank to learn the new interest rate and Annual Percentage Yield on the day a certificate matures or any business day thereafter.

Withdrawals from your account may reduce earnings.

Periodic Account Statements

We mail account statements to you monthly on open account IRA’s.  Certificate of deposit IRA’s receive notices when earning are credited and at maturity.


If you have questions about your account earnings or charges please contact us at:

Brunswick State Bank   Brunswick State Bank
POB 29   Winnetoon Branch Office
Brunswick, NE 68720 or POB 131
402/842-2435   Winnetoon, NE 68789
888/393-7945   402/847-3223