The Seymour Bank
Large enough to serve you, small enough to know you.
Products

IRAs

Individual Retirement Accounts are a wise investment to start saving for your retirement. Our IRAs have no fees, are FDIC insured up to $250,000.00 and can be a great tax advantage.

Traditional IRA
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A Traditional IRA is a flexible, accessible account and offers immediate tax benefits, with contributions and/or earnings tax-deferred until retirement.

Tax benefits include:

  • Tax deduction (if eligible)
  • Tax-deferred earnings
  • Tax credit (if eligible)

Roth IRA
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The Roth IRA is much like a Traditional IRA with the biggest difference being the way the taxes are treated. Contributions to a Roth IRA are not deductible, but your investment earnings over the years can be tax-free.

Tax benefits include:

  • No tax deductions
  • Tax-deferred earnings
  • Tax-exempt earnings (for qualified distributions)
  • Tax credit (if eligible)
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