Individual Retirement Accounts (IRAs) FVSBank

Save smart today. Retire strong tomorrow.

When it comes to saving for retirement, would you prefer a tax¹ break now – or later? At FVSBank, we offer both traditional and roth IRAs to help you plan for the future on your terms. With competitive rates, no setup, or monthly fees, and the ability to invest in CDs, our IRAs are designed to make your retirement goals easier to reach.

Why open an IRA with FVSBank?

✅ Tax-advantaged¹ retirement savings

✅ Earn competitive interest – Higher than standard savings accounts

✅ Traditional & Roth IRA options – Choose what works best for your tax strategy

✅ No setup or statement fees – Save more with fewer costs

✅ $50 minimum deposit to open

✅ CD-friendly – Use IRA funds to invest in fixed-rate Certificates of Deposit

✅ Catch-up contributions – If you’re 50 or older, contribute an extra $1,000 annually

✅ FDIC insured – Retirement savings you can count on

Traditional vs. Roth IRs: What’s the Difference?

Feature

Traditional IRA

Roth IRA

Tax¹Benefits

Contributions may be tax-deductible¹ now

Qualified withdrawals are tax-free¹ later

Withdrawal Taxes¹

Taxes¹ paid when you withdraw in retirement

Contributions are taxed¹ now, but earnings may be withdrawn tax-free¹

Income Limits

No income limits to contribute

Income limits apply for contributions

Best For

People who expect to be in a lower tax¹ bracket in retirement

People who expect to be in a higher tax¹ bracket in retirement

Not sure which account is right for you?

We’re here to help you make the best choice for your financial future. Reach out to our Banking Team to help guide you through the benefits.

Consult a tax advisor.