Individual Retirement Accounts (IRAs)

What is an Individual Retirement Account (IRA)?

An IRA is a tax-advantaged account designed to help you meet your retirement goals. A bank IRA offers a guaranteed return on your investment.

  • Traditional and Roth IRA plans available.
  • Fixed and variable rates available.
  • No minimum balance or deposit requirements.
  • Annual contribution limits subject to IRS guidelines.
  • Automatically renewed at maturity.

Note: Rate offerings are subject to change at any time. Early withdrawal may reduce earnings.

 

What is a Health Savings Account (HSA)?

Health Savings Accounts offer a tax-advantaged method to pay for medical expenses and are available to those enrolled in qualified high-deductible health insurance plans.

Auburn State Bank offers competitive rates and fees on HSAs.

  • $25 up-front administration fee.
  • No minimum balance and no monthly fees.
  • Bank will complete IRS required reporting.

Note: Rate offerings are subject to change at any time.

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