It's never too early to start planning for your retirement.

Baltic State Bank offers two types of individual retirement account (IRA): Traditional IRA and Roth IRA. Our IRA savings account pays you a competitive rate and provides a monthly statement. You can also add more funds to this account anytime. 

For contribution limit to all your IRA accounts (Traditional and/or Roth), please visit the IRS website.

Contact us today to learn more


Traditional IRA

  • Contributions are tax-deductible (Please refers to the IRS website for contribution limit).
  • Qualified distributions (including earnings and gains) are taxable at the time of withdrawal
  • Cannot make more contributions after you reach the age of 70 ½
  • Early withdrawals may be subjected to penalties. Please visit the IRS website to learn more.
  • Please consult with your tax advisor for additional information.


Roth IRA

  • Contributions are not tax-deductible (Please refers to the IRS website for contribution limit).
  • Qualified distributions (including earnings and gain) are tax-free
  • Can make more contributions after you reach the age of 70 ½
  • Early withdrawals may be subjected to penalties. Please visit the IRS website to learn more.
  • Please consult with your tax advisor to determine if a Roth IRA is right for you.

Call us:

(330) 897-6401

Toll Free:

(844) 447-6287

Online Banking Help Desk:

(888) 528-8540

After Hours Lost/Stolen Cards:

(800) 472-3272

 

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