IRA's

Offering both Traditional and Roth IRA's, INB can help you plan for the future

An Individual Retirement Account or IRA is a safe and reliable retirement investment option. At INB, we offer both Traditional and Roth IRA options so you can take full advantage of the tax breaks that benefit you most. Let us help you plan your retirement today so you can enjoy financial freedoms later.

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Fixed

Lock in rates to ensure returns

No Fees

Avoid setup and maintenance fees

Options

Traditional or Roth IRA available

Competitive Rates

Lock in a predetermined rate based on your finances

Retirement Savings

An IRA is perfect for setting aside extra funds for your retirement

Penalties

Penalty for early withdrawal may apply

Minimum Depost

$500 minimum deposit to open account

RothIRA

Traditional IRA

Annual contributions may be tax-deductible, and interest earned is tax-deferred until distributions are taken.

  • No annual fee or setup charges
  • Anyone under age 70½ can open that has taxable/earned income for the tax reporting year
  • Earnings accumulate tax-deferred *
  • Contributions may be tax deductible *
  • $5,500 contribution limit per year
  • Additional $1,000 "catch-up" contribution allowed for ages 50 and up
  • Withdrawals can begin at age 59½ when the certificate is in a matured status
  • Early withdrawals subject to penalty **
  • Mandatory withdrawals at age 70½
"An IRA can help ensure safe and secure financial security after you retire."

Roth IRA

Contributions are made from taxable income, but interest and deductions are tax-free.

  • No annual fee or setup charges
  • Earnings and principal may be tax free upon withdrawal*
  • Contributions are not tax deductible*
  • $5,500 contribution limit per year
  • Additional $1,000 "catch-up" contribution allowed for ages 50 and up
  • Your original investment may be withdrawn penalty-free at any time when the certificate is in a matured status*
  • Earnings can be withdrawn penalty-free at age 59½ when the certificate is in a matured status*
  • Early interest withdrawals subject to penalty**
  • No mandatory distribution age

*Consult with a tax advisor.
**Certain exceptions apply, such as healthcare, purchasing first home, etc.