An individual retirement account can be a low-risk investment for retirement, with several tax advantages. Our bank retirement accounts have terms ranging from one month to five years.
- No annual fees, commissions or hidden charges
- No risk – FDIC insured up to $250,000
- Tax-deferred earnings – so your money grows faster
- Trade up – after age 59 1/2, you may trade up to a higher rate once a year
- Your retirement funds stay local
In most cases, you can't withdraw the money from an IRA without penalty until you reach the age of 59 1/2. CD-funded individual retirement accounts offer stable investment opportunities, and are FDIC insured. Consult your tax advisor to see if one is right for you.
Stop by any Bell Bank location to open an IRA.