Individual Retirement Account
Do something good for your future with an Individual Retirement Account from Heritage Oaks Bank
An IRA from Heritage Oaks Bank is one of the best ways to realize tax advantage savings while suplementing your other retirement income sources. It's an option for individuals1 already saving for their retirement and desiring the advantages of a tax-deffered savings vehicle.
Account Features:
- For 2009, you can contribute up to a maximum of $5,000 (or $10,000 if filing jointly with spousal IRA) per year
- At age 50 or older, you can contribute an additional $1,000 (or $2,000 if filing jointly with spousal IRA) per year
- All you need is an earned income equal to the amount you contribute
- IRA CDs are available in 6, 12, 24 and 60 month terms for an opening deposit of $1,000.
- IRA savings accounts are available for a low opening deposit of $100
- Check out our IRA CD and savings interest rates!
- Low $25 annual fee and $25 dollar transfer or roll over fee for IRA savings and IRA CD accounts
Plus:
- Harness the power of compound earnings by deferring tax payments until retirement
- Pay taxes on your investments when you retire and your tax rate might be lower
- IRA contributions may be tax deductible the year the contribution is made; please consult
with the IRS or your tax advisor for further information
To learn more about our Individual Retirement Account, visit a Financial Services Representative at any of our 13 Central Coast locations or call us at 805.369.5200.
We'll work to understand your short- and long-term financial goals. Expect a brighter future- expect more with Heritage Oaks Bank.
- 1 You must be under age 70-1/2 in the contribution year to contribute.