Individual Retirement Accounts
When's the best time to start saving for retirement? Right now, no matter what your age. Invest in your future and open a Colorado State Bank and Trust individual retirement account (IRA) today.Schedule An Appointment
Tax advantages and flexibilityIt's never too early — or too late — to start thinking about retirement, and the sooner you start saving, the more time your money will have to grow. An IRA might be the right place for you to start getting more from your hard-earned savings. We'll help you set up any rollovers you may have and you can easily monitor your investments with Online Banking. To open your IRA, call our ExpressBank at (877) 205-1710 or stop by one of our banking centers today.
Three Accounts, Infinite Opportunities
Premier Money Market IRA
If you're looking for a more conservative investment vehicle, the Premier Money Market IRA offers the security of FDIC insurance and a guaranteed interest rate. It's a strong choice if you are nearing retirement, already retired or just want to take a first step toward saving for retirement.
With a Traditional IRA, the money you invest earns tax-deferred interest. Your contributions may be deductible on your federal income tax return, so a Traditional IRA can help you save on taxes each year.
With a Roth IRA, your contributions are not tax deductible, but when you retire, the money you take out (including your earnings) will be tax-free. Many people find the Roth IRA preferable to the Traditional IRA because of the long-term tax benefits. For some clients, it makes sense to roll a Traditional IRA into a Roth IRA.
let us help with retirement account choices
We easily can help you rollover funds into an IRA. Plus, take advantage of tax-deferred earnings and possible yearly deductions with competitive money market rates. Schedule an appointment and we'll help you understand your options.
Keep Your Finances Organized
When you invest in an IRA with Colorado State Bank and Trust, you get all the convenience you've come to expect from a large financial institution, along with the customer service of a local bank. With everything in one place, saving for retirement has never been easier.
Low Balance Requirements
$1000. That's all it takes to open an IRA with us, and there's no limit to how much your money can grow from there. Keeping an average collected balance of $2,500 will ensure you never have to pay the $10 monthly service fee.
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Your Financial Resources
Colorado State Bank and Trust is with you through every step of your financial journey. Here are some tips and tricks that might help you along the way.