Traditional IRA | NC Bank Retirement Account Rates | Peoples Bank

Traditional IRAs

This tax-deferred individual retirement account allows you to only pay taxes on your money when you withdraw it in retirement. With this Peoples Bank Retirement Savings Account, you can defer taxes, meaning all of your interest and payments can compound each year without being hindered by taxes.*

Benefits and Features

Fixed-rate IRA terms of 6 months, 12 months, 18 months, 30 months, 36 months, 48 months, and 60 months

$2,500 opening deposit for fixed-rate IRAs

Make contributions throughout the year

Interest compounded daily and credited quarterly
Distributions are subject to bank penalties

Distributions must begin at age 70-1/2

Annual statement

Rollover account options available
* Consult your tax advisor for any tax-related questions regarding IRAs

Contact Us

Let us help you with your retirement planning. Talk to our North Carolina IRA experts at 828-466-1765 or call toll-free at 877-802-1212

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