Individual Retirement Accounts (IRAs)
A WesternBank Individual Retirement account enables you to build a nest egg for your retirement. Plus, it's an excellent tax deferred investment. Most IRA contributions are still fully or partially deductible.1 Even if you cannot claim a deduction, interest accumulated in your traditional IRA is tax deferred until you begin to withdraw funds.2
There are a number of available account options.
• Traditional CD
• ROTH CD
• ROTH Conversion
• Education CD
IRA Savings Account Highlights
• Minimum deposit of $100
• Tiered interest paid on balance
• Variable interest is compounded and paid monthly2
IRA Certificates of Deposit (CDs) Highlights
• 12 month and 24 month terms available.
• $500 minimum deposit3
Important Information
1. Consult your tax advisor regarding tax deductibility.
2. IRA CD interest rates are tiered based on the balance amount.
3. IRA Savings account rates can be adjusted at the banks discretion.
4. A penalty will be imposed for early withdrawal on any certificate. IRA CDs are automatically renewable.
