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Insite National Bank

IRAs


An IRA is an excellent tool for retirement savings. Unlike most investments, depending on the type of IRA you choose, contributions may be tax deductible and will grow either tax deferred or tax free. IRA's are safe, secure and fully insured by FDIC.

  • Roth IRA's - allows investors to make non-deductible contributions into a retirement account whose earnings grow tax free and can be withdrawn tax free at retirement.
  • Traditional IRA's - allows investors to deduct some or all of their contributions. Generally, earnings grow tax deferred and are taxed at your ordinary income tax rate upon withdrawal.

Stop in or call us to obtain more details on our IRA accounts.