Individual Retirement Accounts are a great way to start saving for your future especially now that your IRA funds at IronStone Bank are FDIC-insured up to a total of $250,000. IronStone Bank earnings on Roth IRAs are TAX-FREE (as opposed to tax-deferred) at retirement, while contributions are made with after-tax dollars. The Roth IRA also allows contributions of up to $5,000* per taxpayer per year or $6,000 for those age 50 and over. Roth IRAs have the same terms and features as our
Traditional IRAsNote: You may contribute to both a Traditional IRA and a Roth IRA, but your total contribution is limited to the maximum allowed by law per tax year.
IronStone Bank offers the following time deposit, FDIC-insured products:
- 182-364 Day and 12-60 Month Tiered IRAs—Offer fixed interest rates and automatic renewal at maturity.
- 18-Month Variable-Rate IRAs—Offer an interest rate that varies with money market conditions.
- Money Market IRAs—Offer a variable interest rate that fluctuates with money market conditions. These accounts have maximum flexibility because there is no maturity date.
