personal savings

Individual Retirement Accounts (IRAs)

IRA Certificates

Rates as high as

1.65% APY*

After years of hard work, you deserve to retire in comfort. Even if your retirement is still a far-off milestone, it’s never too early to start preparing. Open an IRA with ABNB and earn competitive dividends that will make your retirement funds grow.

We offer traditional and Roth options, as well as a wealth of knowledge through our IRA service center. Visit the site to find the right plan for your current stage in life.

Summary
  • Competitive dividends above standard savings rates on balances of $200 or more
  • Traditional and Roth IRA options
  • No setup fees
  • No monthly or annual maintenance fees
  • $5,000 contribution limit per year
  • Additional $1,000 "catch-up" contribution allowed for ages 50+
  • Funds can be used to purchase certificates within IRA
  • $100 minimum deposit to open

Learn More

Visit our IRA service center, to learn more about IRAs!

Visit Retirement Central®

Traditional vs. Roth

There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.

Traditional IRA

  • No income limits to open
  • No minimum contribution requirement
  • Contributions are tax deductible on state and federal income tax1
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59½ 
  • Early withdrawals subject to penalty2
  • Mandatory withdrawals at age 70½ 

Roth IRA

  • Income limits to be eligible to open Roth IRA3
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal1
  • Principal contributions can be withdrawn without penalty1
  • Withdrawals on interest can begin at age 59½ 
  • Early withdrawals on interest subject to penalty2
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income
1Subject to some minimal conditions. Consult a tax advisor.
2Certain exceptions apply, such as healthcare, purchasing first home, etc.
3Consult a tax advisor.