Traditional & Roth Individual Retirement Accounts (IRA)
Choose between Traditional and Roth IRAs for secure financial planning. Enjoy a range of IRA terms from 182 days to 60 months, with interest compounded quarterly.
Key Features of an IRA Account
Roth IRA Features:
- Minimum deposit applies
- Potential for Tax-Free Earnings: interest and investment gains can grow tax-free within the Roth IRA
- Tax-Free Withdrawals: contributions are made with after-tax assets, allowing for tax-free withdrawals during retirement
- Flexibility in Contributions: you can make contributions at any age, as long as you have eligible earned income
Traditional IRA Features:
- Minimum deposit applies
- Often tax deductible
- All transactions and earnings within the IRA have no tax impact
- Withdrawals at retirement are taxed as income (except for those portions of the withdrawal corresponding to contributions that were not deducted)
General IRA Information
- Our terms range from 182 days up to 60 months
- Interest is compounded quarterly
- IRA distributions can be transferred to a checking or savings account or you can receive a check
- NO penalties on IRAS
- CD and IRA products are FDIC insured
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Discover the Perfect Savings Account for you
Explore your ideal savings account: choose from three tailored options.
Contact us
We're here to assist you. Reach out to our dedicated team at Peoples Savings Bank.
To report a lost or stolen debit card after normal banking hours call: 1-844-202-5333 , Option 1
Hours
Monday, Tuesday, Wednesday:
Drive-Thru: 8AM - 4PM
Lobby: 9AM - 3PM
Thursday: Closed
Friday:
Drive-Thru: 8AM - 6PM
Lobby: 9AM - 6PM
Saturday:
Drive-Thru: 8AM - 12 Noon
Lobby: 9AM - 12 Noon
Sunday: Closed
Drive-Thru: 8AM - 4PM
Lobby: 9AM - 3PM
Thursday: Closed
Friday:
Drive-Thru: 8AM - 6PM
Lobby: 9AM - 6PM
Saturday:
Drive-Thru: 8AM - 12 Noon
Lobby: 9AM - 12 Noon
Sunday: Closed
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Locations
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