Abacus IRA products providing stable returns to help you plan for retirement.See any of our IRA representatives. We will explain the nature of these accounts in more detail and help you complete the forms necessary to establish your traditional and/or Roth IRA.
A high interest fixed-rate certificates are available to give you a safe and secure way to save for retirement.
In addition to high interest, you IRA may also bringing new opportunities for tax-advantaged savings².
Annual Percentage Yield (APY)*
1 Year IRA CD
TRADITIONAL IRA & ROTH IRA ANNUAL CONTRIBUTION LIMITS³
Total Limit for Age 50 and over³
2016 and later years
$5,500 + COLA*
$6,500 + COLA*
*Subject to annual cost-of-living adjustments (COLAs), if any.
Open An IRA Today! Opening an IRA at Abacus Bank is easy! Just stop by or give us a call. We are here to help you save for retirement tomorrow today.
*Annual Percentage Yield (APY) is accurate as of 02/10/2016. Minimum opening deposit of $1,000 required. The annual percentage yield assumes interest will remain on deposit until maturity. Withdrawals from IRAs before age 59 ½ may be subject to a 10% federal additional tax and possible state tax, except under certain conditions. In addition, withdrawals from IRA CD before the maturity date may also be subject to bank early withdrawal penalties. Fees could reduce earnings on the account. Please consult your tax professional.
¹This page includes information you need to know about deposit accounts at Abacus Federal Saving Bank. This page is designed to help make your banking at Abacus Federal Saving Bank easy to understand and is intended to provide general information with respect to the features and requirements of Individual Retirement Accounts through Abacus Bank. It is not intended to provide legal advice or to be a detailed explanation of the rules or how such rules may apply to your individual circumstances. For specific information, you are encouraged to consult your tax or legal professional. IRS Publication 590, Individual Retirement Arrangement (IRAs), and the IRS website, www.IRS.gov, may also provide helpful information.
²Consult your tax advisor.
³Contributions to a Traditional IRA are not permitted once you reach age 70½. Contributions to a Roth IRA may be made at any age.