FDIC-Insured - Backed by the full faith and credit of the U.S. Government
IRAs
Are you ready to start saving for retirement? An Individual Retirement Account (IRA) is an investment tool used by individuals to earn and earmark funds for retirement savings.
Independence Bank offers three different IRAs to meet your needs: Traditional IRAs, Roth IRAs and Simplified Employee Pension (SEP) IRAs. Our account relations staff will help you choose the IRA that’s right for you. Start saving for retirement today!
IRA features include
- $25 minimum opening deposit
- Competitive interest rates available
- Annual fee - $25; Closing fee - $25
- 1 free withdrawal per 6-month period. Excessive Withdrawal Fee: $25 per withdrawal
- Subject to early withdrawal penalties and other IRS regulations
