IRAS

Retirement can be one of the most rewarding times of your life. Plan for your golden years with a special account that combines tax advantages and strong earnings.

Save like your future depends on it. Because it does.

Whether you just earned your first promotion or you've spent decades on the job, it's never too early – or too late – to start building your retirement nest egg. With a Traditional or Roth IRA from Bank Independent, years of steady contributions can help build the savings you'll need to enjoy all that free time.

Traditional, Roth and Beneficiary IRAs are available.
Funds can be placed in fixed-rate or variable-rate accounts.
Make a minimum opening deposit of $1,000 for a fixed-rate account and $1 for the variable rate.
Contribute up to the annual maximum set by the IRS. For 2025, limits are $7,000 ($8,000 if you have obtained the age of 50).
With Traditional IRAs, you may be able to take a tax deduction for each year you make a contribution.
With Roth IRAs, qualified withdrawals may be taken tax and penalty free once you obtain age 59 ½.
Make convenient Required Minimum Distributions by scheduling automatic transfers to other BI accounts.
Consult your financial advisor or BI representative for more details on IRAs.