Individual Retirement Accounts (IRAs)

We offer both CDs and IRAs at Greenville Savings Bank to help you save and invest in your future.

Individual Retirement Accounts – IRAs

Individual retirement accounts, or IRAs, offer a safe and convenient way to save for retirement. We offer Traditional and Roth IRAs, each offering different tax advantages. The minimum opening deposit is $500.00.

Terms Offered:

12-month term
18-month term
30-month term
60-month term

These accounts have penalties for early withdrawal. A traditional IRA allows individuals to direct pretax income toward investments that can grow tax deferred. A Roth IRA is an individual retirement account that allows a person to set aside after-tax income up to a specified amount each year. Both earnings on the account and withdrawals after age 59 ½ are tax-free.

For assistance in choosing which IRA type is best for your financial needs, please call or visit your local bank in Greenville, Hermitage, or New Wilmington to get started.