Building for a secure retirement is something you can start at any age—in fact, the earlier the better. An Individual Retirement Account (IRA) is a great way to do that, combining the benefits of tax savings and income so you can truly relax when the time comes.
Individual Retirement Account Benefits
Choose to build your retirement security with a traditional or Roth IRA
Pick from a variety of terms with fixed rates
Save more with competitive rates and fees
Make deposits at any time
Questions we get asked, frequently:
Is there a minimum needed to open an IRA?
Yes, you’ll need a deposit of at least $500 to open a Reliance Bank Individual Retirement Account.
Is there a minimum on deposits?
Yes, deposits need to be a minimum of $100 and can be made at any time.
What is the difference between a Traditional and Roth IRA?
While both types of Individual Retirement Accounts are similar, they differ in some ways—primarily the way they deal with tax deductions, accessibility of funds, and eligibility standards. Together, we can help decide which is right for you.