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

IRA Savings

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. 

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Traditional IRA

Qualified distributions (including earnings and gains) are taxable at the time of withdrawal

Contributions are tax-deductible (Please refers to the IRS website for contribution limit).

Cannot make more contributions after you reach the age of 70 ½

Same great Baltic Bank service you expect.

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).

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Qualified distributions (including earnings and gain) are tax-free

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Can make more contributions after you reach the age of 70 ½

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Early withdrawals may be subjected to penalties. Please visit the IRS website to learn more.

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Please consult with your tax advisor to determine if a Roth IRA is right for you.

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Check Out Our Rates

Unlock exceptional banking rates tailored to your needs. At Baltic State Bank, we strive to offer competitive rates that maximize your savings and financial growth. Explore our range of products and enjoy the benefits of banking with us.

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