What are the fees for a Union Bank Traditional or Roth IRA?
Union Bank assesses a $15 annual custodial fee on each Traditional and Roth IRA. This fee is waived if any one of the following applies: • You maintain a combined fair market value of at least $25,000 in your Union Bank IRAs (excluding Small Business Plans and Coverdell Education Savings Accounts) • You contribute $4,000 or more to one or more Union Bank IRAs (excluding Small Business Plans and Coverdell Education Savings Accounts) by December 31 of the prior year • You are 70 or older by June 30 of the prior year You can prepay the custodial fee before January 15. Otherwise, we debit the fee from your IRA in late February.
