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CORPORATE OFFICE

Level One Bank

32991 Hamilton Ct.
Farmington Hills, MI 48334
Phone: 248-737-0300

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MORTGAGE LOAN PRODUCTION OFFICE

Level One Bank

2750 South State Street
Ann Arbor, MI 48104
Phone: 734-794-5225

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BANKING CENTERS

BIRMINGHAM

Level One Bank

1732 West Maple Road
Birmingham, MI 48009
Phone: 248-723-4800

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BLOOMFIELD TOWNSHIP

Level One Bank

37100 Woodward Avenue
Bloomfield Township, MI 48304
Phone: 248-530-7401

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DETROIT

Level One Bank

1420 Washington Boulevard
Detroit, MI 48226
Phone: 313-309-9980

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FARMINGTON HILLS

Level One Bank

30095 Northwestern Highway
Farmington Hills, MI 48334
Phone: 248-865-1300

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FARMINGTON HILLS

Level One Bank

31000 Northwestern Highway
Farmington Hills, MI 48334
Phone: 248-538-7600

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FARMINGTON HILLS

Level One Bank

30201 Orchard Lake Road
Farmington Hills, MI 48334
Phone: 248-737-1110

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FERNDALE

Level One Bank

22635 Woodward Avenue
Ferndale, MI 48220
Phone: 248-414-6500

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Grand Rapids

Level One Bank

2355 Burton St. SE
Grand Rapids, MI 49506
Phone: 616-827-4400

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NORTHVILLE

Level One Bank

20550 Haggerty Road
Northville, MI 48167
Phone: 248-380-6590

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NOVI

Level One Bank

44350 W. 12 Mile Road
Novi, MI 48377
Phone: 248-735-1000

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STERLING HEIGHTS

Level One Bank

43683 Schoenherr Road
Sterling Heights, MI 48313
Phone: 586-412-1800

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Call Us : 888-880-5663

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IRAs (CD and Money Market)

CD IRA

Open our CD IRA and get a fixed rate of return, within a specified time frame of your choice, to meet your retirement goals.

Benefits

  • Receive a fixed rate of return
  • Choose from a range of terms to best fit your short-term and long-term goals
  • FDIC insured to the maximum allowable by law
  • Available in Roth or Traditional IRAs
  • Low minimum opening balance
  • No annual fee

Minimum Deposit to Open

  • $500.00

Withdrawal Penalty

A penalty for early withdrawal may be imposed and is based on the term of the CD. An early withdrawal penalty may reduce principal. Tax penalties may be imposed in addition to early withdrawal penalties. Fees may reduce earnings on the account.

See the withdrawal penalties below:

  • Up to 1 Month: All simple interest earned with a minimum penalty of 7 days simple interest1
  • 2-3 Months: 30 days simple interest
  • 4-9 Months: 90 days simple interest
  • 10-24 Months: 180 days simple interest
  • 25 Months and up: 365 days simple interest

Renewal

Certificate of Deposit accounts are set to automatically renew at maturity. You will have 10 calendar days after the maturity date to withdraw funds without a penalty. The account will not renew if funds are withdrawn on the maturity date or if we receive written notice on or before the maturity date of the intention not to renew. If we are notified of your intent to not automatically renew, interest will not be paid after the maturity date.


Money Market IRA

Our Money Market IRA is an interest earning Money Market Account with the tax advantages of an IRA.

Benefits

  • Tiered interest rates – the higher the balance, the higher the rate - view tiered rates
  • FDIC insured to the maximum allowable by law

Minimum Deposit to Open

  • $50.00

Monthly Service Fee

  • $10.00

How to Avoid Monthly Service Fee

  • No monthly service fee with a minimum daily balance of $2,000.00

Level One Bank reserves the right to change these accounts at any time. Fees may reduce earnings on the account. 1Simple interest is the interest paid with respect to each period of time and does not compound. Please consult with a tax professional for guidance regarding contributions and distributions to your Traditional or Roth IRA's. Contribution limits may apply. You must be under the age of 70 1 to enroll in a Traditional or Roth IRA. Contributions to a Traditional IRA may be tax free. To contribute to a Roth IRA, you or your spouse must have earned income, and your modified adjusted gross income (MAGI) may not exceed certain limits. Distributions (withdrawals) may be subject to additional tax penalties. This account is limited by law to six preauthorized, telephone, fax or on-line withdrawals per calendar month. Other transaction costs may apply. Fees are subject to change. Standard FDIC rules apply.

Need help?

Contact our team of financial professionals to learn more about our products and services.


24/7 Customer Support

Call or chat with a real person. Nights, weekends and most holidays.

Thank you for visiting https://www.levelonebank.com/Personal/Savings-Accounts/IRAs
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