Whether it’s reaching your financial goals, college for the kids, a comfortable retirement, or any other financial objective, a realistic plan and a commitment can be the right first steps to the rest of your lives. To make your goals more achievable, an FVCbank IRA offers competitive rates and flexible terms (12 to 60 months). Be sure to put a tax-advantaged IRA from FVCbank to work for you.
IRA accounts are certificates of deposit. A traditional IRA allows you to contribute until you turn 70 ½ if your income is earned compensation. You are eligible even if you already participate in a government plan, tax-sheltered annuity, simplified employee pension plan, or qualified retirement plan (pension or profit-sharing) established by an employer under such provisions as IRA 401(a), IRA 403(b), or IRA 7701(j), subject to Adjusted Gross Income limits described below. For current tax year limits, please contact your tax advisor or local tax office.
- $1,000.00 minimum to open account
- Interest compounded daily
- Interest can be added to your IRA and compounded, deposited directly to your FVCbank account, or paid by check
- A penalty will be imposed for early withdrawal(s). Penalty may reduce earnings
Open an IRA with FVCbank Today
For more information about how to open an Individual Retirement Account with FVCbank, reach out to one of our representatives today by calling contacting us online.