"Modern Banking ... the Old Fashioned Way"

 

Individual Retirement Accounts

It's never too early or too late to start saving for retirement.

Variable Rate IRA

Bank penalty for early withdrawals. All rules established by the federal government apply.

Current rates

Calculate future values, retirement income and more.

Fixed Rate IRA

Bank penalty for early withdrawals. All rules established by the federal government apply.

Current rates

Calculate future values, retirement income and more.

Roth IRA

The money in a Roth IRA can be deposited in a variable rate or fixed rate as described above. A Roth IRA is not a different type of investment, it simply has different options and benefits than a Traditional IRA.

Bank penalty for early withdrawals. All rules established by the federal government apply.

Current rates

Calculate future values, retirement income and more.

Please contact us for the list of qualified distributions and a complete explanation of the Roth IRA. Upon your request, we can provide you with written information.

Coverdell Education Savings Account (CESA)

The Federal Government developed this account specifically for people saving money for educational purposes. While the account title has the word "savings" included, funds earmarked as CESA are actually deposited and treated similar to IRA money. Money can be deposited to a CESA for the benefit of the child by others (parents, grandparents, relatives, employer.)

Bank penalty for early withdrawals. All rules established by the federal government apply.

Current rates

Calculate future values, retirement income and more.

 

For more information call (920)564-2336, (920)668-6216, or email generalbox@oostburgbank.com

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