An ideal account for saving for the future …
Individual Retirement Accounts (IRA)
Don’t forget about: Checking Accounts Loans - Bi-weekly Mortgage
- Conventional Fixed Rate Mortgage
- Construction Loans
- Fixed Rate Home Equity
- Jumbo Home Equity
Insurance - Auto Insurance
- Home Owners Insurance
- Boat Insurance
- Recreational Vehicle Insurance
- Disability
- Second Home or Rental Insurance
- PDP Insurance
Financial and Estate Planning - Annuities
- Educational Planning
- Retirement Planning
- Long-Term Care
- Investments
- Securities
- Mutual Funds
Insurance - Insurance is sold in New York by ENB Insurance Agency, Inc., which is affiliated with Evans National Bank. Policies are underwritten by, and are obligations of, insurance companies which are not affiliated with Evans National Bank. When you buy insurance, you are dealing with a licensed agency, not Evans National Bank. Evans National Bank cannot require you to obtain insurance from a particular agency or with a particular insurer. You have the right to obtain insurance from the agent of your choice and your decision will not in any way affect Evans National Bank's credit decision. Financial Services – Securities are offered through O’Keefe Shaw & Co., Inc. Member NASD SIPC. Products purchased through O’Keefe Shaw may lose value, are not deposits with obligations of, or guaranteed by Evans National Bank or affiliates and are not insured by the FDIC.
| Minimum to Open
$500.00 minimum opening balance Interest compounded quarterly and paid quarterly Interest rates
Deposits of $25.00 or more may be made until maximum allowable contribution for the year is reached Funds are deposited into an IRA certificate for an 18-month period Fixed or variable rate plans available Both Traditional and Roth IRAs available Early withdrawal penalty may apply Benefits
No employer participation No need to open new IRA every year Maintain one IRA and make future years’ contributions to it Contributions may be fully or partially deductible depending on income level (Traditional IRAs) Eligible contributions and interest earned are tax deferred until withdrawn (Traditional IRAs) Rollovers and transfers accepted Competitive interest rates For more information about the ease of opening an IRA, ask one of our representatives for more detail.
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