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Prepare for retirement and gain tax advantages while saving with Itasca Bank & Trust Co.
A smart retirement strategy has multiple layers, and a low-risk IRA from Itasca Bank & Trust Co. lets eligible savers take advantage of tax benefits while earning interest. Plus, account balances are FDIC-insured, protecting your future from volatility in the market.
Whether you're just starting to save for retirement or want to augment an employer-sponsored plan, our IRA options work in a number of different scenarios. Explore the various tax advantages to determine which account fits into your retirement strategy. If you're not sure, our team is here to walk you through the decision making process.
The following types of IRAs are available to fit your needs and investment objectives.
*Each depositor insured to at least $250,000.
*Each depositor insured to at least $250,000.
| Type | Minimum Balance to obtain APY | Interest Rate | Annual Percentage Yield (APY) |
|---|---|---|---|
| Savings IRA/SEP | $250.00 | 0.30% | 0.30% |
| Variable 18 Month IRA/SEP | $1,000.00 | 2.18% | 2.20% |
All investment products above are Variable Rate Accounts.
Variable Rate investment products' Interest Rates and Annual Percentage Yields may change at our discretion.
We may change the interest rate at any time.
For more information about any of these products, contact our Customer Service Department.
When sending an email to anyone at Itasca Bank & Trust Co., please do not include passwords, account numbers, or any other confidential financial or personal information.
