Phishing Scam

A scam is currently circulating involving a phone caller that claims your ATM card has been blocked and asking you to press 1 to restore service. These calls are a scam and neither HomeFed or Bank of the Cascades would contact you in this manner. If you've given out your card information, please contact us at 1-800-888-7283.

Home Federal Bank

Roth IRA

A Roth IRA differs from a Traditional IRA in that the money you contribute is taxed now instead of at withdrawal. For many clients a Roth IRA is preferable because the tax is incurred now when you may be earning more income, as opposed to at withdrawal when you may be on a fixed income.

Minimum To Open
$100
Special Features And Benefits
Earnings grow tax-free, no required minimum distribution, tax-free withdrawals*
Disclosures
*Contact a tax professional for information regarding your personal tax benefits.
Term Compounding Period APY
90 days Quarterly 0.03%
6 to 11 months Quarterly 0.05%
12 to 23 months Quarterly 0.08%
24 to 35 months Quarterly 0.15%
36 to 47 months Quarterly 0.18%
48 to 59 months Quarterly 0.23%
60 to 120 months Quarterly 0.28%
View Disclosure

Effective date: 4/17/2014

Minimum opening deposit is $100. Annual Percentage Yield (APY) was effective as of the date shown above and is subject to change without notice. Maximum deposit is $500,000. Fees may reduce earnings. The Internal Revenue Service may impose limitations and/or penalties. Early withdrawal penalties may apply if you are under the age of 59½. Please consult a tax professional for information regarding your personal tax benefits.

  • All earnings are tax-free upon withdrawal*
  • Contributions grow tax-free
  • Just $100 to open the account and $25 minimum contributions
  • Can be opened and funded without employer participation
  • Funds are always available, but early withdrawal may result in a penalty fee

*Contact a tax professional for information regarding your personal tax benefits.