Prepare for your retirement with an IRA from Apex Trust Bank . We offer traditional and Roth IRAs, which offer distinct tax advantages to help you make the most of your hard-earned funds.

Benefits
  • Tax-advantaged retirement savings*
  • $15 annual fee per plan
  • May be opened for a non-working spouse
  • $1,000 minimum deposit to open
  • All of our CDs are available as IRAs

*Consult a tax advisor.

Traditional vs. Roth

There are two kinds of IRA, each with distinct tax advantages*. Your tax advisor can help you decide which one is best suited for you, depending on your savings goals and current situation.

Traditional IRA

  • No income limits to open
  • No minimum contribution in any year
  • Contributions are tax deductible on state and federal income tax*
  • Earnings are tax deferred until withdrawal
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty**
  • Mandatory withdrawals at age 70½

Roth IRA

  • Income limits to be eligible to open
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal*
  • Principal contributions can be withdrawn without penalty*
  • Withdrawals on interest can begin at age 59½
  • Early withdrawals on interest subject to penalty**
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income

*Subject to some minimal conditions. Consult a tax advisor.

**Certain exceptions apply, such as healthcare, purchasing first home, etc.