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

Traditional IRA

An Individual Retirement Account (IRA) is your ticket to a secure financial future.

Home Federal Bank is committed to aiding your financial security. That's why we only require an initial deposit of $100 to open an IRA. As your community bank, we'll be available every step of the way to assist in your investment needs.

Minimum To Open
$100
Special Features And Benefits
Contributions may be tax-deductible and earnings are tax-deferred until withdrawn
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: 4/24/2014

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.

  • Contributions may be tax deferred until withdrawal*
  • $25 minimum contribution; only $100 to open
  • 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.
**There are a few exceptions that allow you to make early, penalty-free withdrawals from your IRA, such as qualified educational or medical expenses, if the funds are annuity payments, or for the purchase of a first home.