For an IRA Account, Massachusetts' BankFive Offers Great Options
At BankFive, we understand the security that having an IRA account can give people and families. We offer IRA accounts because the future of our customers in MA and RI is important to us. Our team members are on hand in our 13 branches to answer any questions you may have about opening IRA accounts or the role an IRA account can play in your overall retirement strategy. We want our customers to make smart choices about the future, which is why we ensure our IRA account customers have access to the latest information about traditional IRAs, Roth IRAs, and other retirement accounts. (Click Here for our IRA FAQs)
BankFive's IRA Accounts (MA-Based) include:
- Traditional
- Roth
- Coverdell Education Savings Account (CESA)
- Health Savings Account (HSA)
Our IRA Accounts in MA can help you save for a more secure future, and may reduce your current taxes.* Fixed and variable rate certificate accounts available.
- No IRA Account start-up cost or commissions to pay other than a $10.00 per year maintenance fee and a $15.00 transfer/termination fee.
- Semi-annual statements issued.
- High earnings paid on your investment.
- Interest earned is tax-deferred until withdrawn.
- Contributions to your IRA Account may be tax-deductible.*
- No minimum annual contribution required for variable rate IRAs.
- Rollovers from other pension plans accepted.
- Automatic payroll deductions or transfers accepted on a weekly or monthly basis to a variable rate IRA Account.
*Please consult your tax advisor before making any tax-related decisions.
