Individual Retirement Accounts (IRA)
An excellent way to invest in your future. Ann Arbor State Bank offers a variety of IRA options for each individual.
Traditional IRAs – The most common among investors, contributions are often tax-deductible and earnings are tax-deferred.
Roth IRAs – earnings and contributions grow tax free.
SEP IRAs – Employers can set up and plan for themselves and their employees. A good option for small businesses.
- $500 opens your account
- Competitive interest rates
- No monthly fee
- Interest is paid monthly, quarterly or at maturity. (your choice)
- CD’s available in terms of 30 days to 5 years
- Can be viewed with Online Banking