Individual Retirement Accounts
An IRA is a great way to build your retirement nest egg while enjoying tax benefits. Work toward your financial goals with various IRA choices from Security Bank.
Increase your savings potential with attractive IRA rates
Work toward your financial goals with various IRA choices from Security Bank. An IRA is a great way to build your retirement nest egg while enjoying tax benefits. You will not pay tax on your earnings until you make withdrawals, and your contributions may be tax-deductible. This could be the right choice for you if you are under 70 and have earned income.
If you want to roll over your previous employer-sponsored retirement plan or are researching long-term savings alternatives, then opening an IRA may be a solution for you. Learn the basics about IRA rates, account benefits and more by calling our accounts department at 940-663-6331.
IRA Summary:
- No annual IRA fees
- FDIC insured to the maximum allowed by law
- Minimum opening deposit $500
- Eligibility based on income and age (please consult your tax or financial advisor)
- Earnings are tax deferred and may be tax deductible in year of contribution
- No early withdrawal penalties to customer age 59 or over
- Minimum required distributions starting at age 70 for traditional IRAs