Individual Retirement Accounts
Individual Retirement Accounts (IRA)
- Minimum of $500 to open
- Competitive rates
- No setup fees
- No monthly or annual maintenance fees
It's never too late to plan ahead for your golden years.
An IRA from GBC can help, with competitive rates and a variety of maturity dates and rates to suit your specific needs.
Open this valuable investment vehicle with just a $500 minimum deposit, and start saving now toward a happy retirement. Ask one of our financial experts and get started today to make sure your future is financially sound.
Features:
- Traditional, Roth, and rollover IRA options
Traditional vs. Roth
There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.
| Traditional IRA | Roth IRA |
|---|---|
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1 Subject to some minimal conditions. Consult a tax advisor.
2 Certain exceptions apply, such as healthcare, purchasing first home, etc.
3 Consult a tax advisor.
Rollover IRA Are you getting ready to move or change jobs?
A rollover IRA allows for the tax-free movement of funds from a qualified retirement plan (such as 401(K), pension or profit sharing plan) to an IRA, to allow for continued tax-sheltered growth of funds.
