Individual Retirement Accounts (IRAs)

A tax-advantaged safe
place for you

Live out your individual hopes and dreams with the help of an Individual Retirement Account (IRA) from Sunstate Bank.

An IRA establishes a tax-advantaged safe place for you to set aside, little by little, for your ideal retirement.

There are no monthly service fees or minimum deposit requirements. Instead, there is interest above standard savings to be gained. Whether your future holds memories with energetic grandkids or relaxing time on the golf course, make it your reality by starting early.

Individual Retirement Account Details

Variable

• Interest rate and annual percentage yield may change
• The Bank may change the rate at any time
• Minimum to open – $ 500.00
• Interest will be compounded quarterly and will be credited to the account quarterly. The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.
• Early withdrawal provisions: a penalty will be imposed if you withdraw any or all of the funds before the maturity date. The penalty imposed will equal 90 days of interest on your account. Additional taxes may apply.

Fixed

• Interest rate will not change
• Minimum to open – $ 500.00
• Interest will not be compounded and will be credited to the account at maturity.
• We use the daily balance method to calculate interest on your account.
• IRAs are subject to limitations and/or penalties imposed by the Internal Revenue Service.
• Early withdrawal provisions: we will impose a penalty if you withdraw any or all of the funds before the maturity date.

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