Start Saving Smarter for Your Retirement
Are you saving enough for your retirement? If not, it’s never too late to develop a strategy that will allow you to save more effectively so you can live the way you want when your working days are done. At Prevail Bank, we offer multiple Individual Retirement Account (IRA) options to allow you to start saving smarter for your retirement. Choose from a Traditional IRA or a Roth IRA.
To learn more about the various benefits of the retirement accounts available to you, please visit your local Prevail Bank office to speak with our team. Or, if you prefer, you can start our online inquiry to open your IRA.
* APY = Annual Percentage Yield
Compare Our IRA Accounts
* We use the daily balance method to calculate the interest on your account. Interest begins to accrue on the day you deposit noncash items (i.e., checks). A withdrawal of interest will reduce earnings. [1] Fees could reduce the earnings on the account. Contact a Prevail Bank representative to see our Fee Schedule for other fees that apply to your account by calling or sending us a message. [2] Earnings are compounded and paid quarterly and can remain in the CD or transferred to another Prevail Bank deposit account. The APY assumes that interest remains on deposit until maturity. [3] Interest rates and APYs may change at any time. Assumed earnings are credited to the amount and remain on deposit. [4] You will have 10 calendar days after maturity to withdraw funds without penalty. Early withdrawals before CD reaches full maturity may be subject to penalty and reduced earnings.
IRA Options & Limits Available to You
Whether you choose a Traditional or Roth IRA, there are some common features, including:
- 2020 and 2021 Contribution Limits Under Age 50: $6,000
- 2020 and 2021 Contribution Limits Over Age 50: $7,000
- 18-Month CD & IRA CD accounts offer you the ability to add $500 or more to your balance at any time during the life of the CD.
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| Roth IRA |
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* Consult your tax advisor.
Calculate Your Retirement Longevity
If you want to make sure you’re saving enough for retirement, our retirement longevity calculator can give you an idea of what to expect.
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