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
IRA Savings Account Highlights
• Minimum deposit of $100
• Variable interest is compounded and paid monthly2
1. Consult your tax advisor regarding tax deductibility.
2. IRA Savings interest rates can be adjusted at the banks discretion.
3. A penalty will be imposed for early withdrawal on any certificate. IRA CDs are automatically renewable.