Our Savings Traditional IRA Accounts are variable rate investments that have tax benefits authorized by Congress. You may add money to these accounts at anytime.

• Open this account with only $25.00
• Make as many current year or previous year contributions as you want up to the annual limit
• Annual contributions are limited to $5,000.00 or $6,000.00 if age 50 or older (For tax year 2008)
• Contributions may be tax deductible
• Funds are taxable when they are distributed
• There is a tax on funds taken out before age 59 1/2
• Distribution must start by age 70 1/2
  

• Possible tax deduction for annual contributions
• Spouse can inherit IRA
• Flexible payout schedule
• More secure financial future

For more information on Savings Traditional IRAs just contact the NPB branch nearest you today!

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