Retirement Savings
It's never too soon to start planning for retirement. Whether you want a Traditional or a Roth IRA, our experienced bankers have the knowledge to help you plan successfully. Set up a retirement savings account with NorStates Bank today, and maximize your tax-free savings!
Summary
- Retirement savings with excellent tax benefits
- Competitive interest rates
- Only $1,000 to open
- FDIC insured
Traditional IRA
- Contributions are tax-deferred until withdrawal
- May be eligible to deduct contributions on current tax returns
- Penalty-free early withdrawal for certain expenses (buying a first home, college, uninsured medical coverage, etc.)
Check out our current interest rates.
Roth IRA
- Unlike Traditional IRA, incurs the tax now
- All earnings are tax-free at withdrawal
- Income is taxed now, when you are working, instead of when on fixed income
- Penalty-free early withdrawal for certain expenses (buying a first home, college, uninsured medical coverage, etc.)
Think Possible
Options are good. That's why our products simplify and improve your living, no matter which accounts, services or loans fit you best.
