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. With contributions often tax-deductible and tax-deferred earnings until retirement, this is one of the most popular IRA vehicles. The annual contribution limit is $5,000 ($6,000 if you're over 50). Contributions can be made up to the tax filing deadline, which is April 16, 2007 for the 2006 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.
