Plan for Retirement with Confidence
Be prepared for the future. Whether you're just getting started or fine-tuning your retirement strategy, we offer a wide range of IRA options to fit your goals.
Traditional IRA
With a Traditional IRA, contributions are tax-deductible and earnings grow tax-deferred, meaning you don't pay taxes on them until retirement.
Roth IRA
With a Roth IRA, contributions are made with after-tax dollars. Earnings grow tax-free and qualified withdrawals in retirement are also tax-free.
SEP IRA
A SEP IRA, or a Simplified Employee Pension IRA, are typically for self-employed individuals and small business owners and are similar to Traditional IRAs in that contributions are tax-deductible and earnings grow tax-deferred.
SIMPLE IRA
A SIMPLE IRA, or Savings Incentive Match Plan for Employees, are typically for small businesses and employees and employers can contribute to Traditional IRAs. Contributions are generally tax-deductible.
More details and helpful information
- All Minnwest Bank IRAs are interest-earning savings accounts.
- Any of our certificates can be opened as an IRA.
- Open an IRA with as little as:
- $200 for Money Market Savings IRA
- $500 for Classic CD IRA
- $5,000 for Money Manager IRA
Want to know more about contribution limits, eligibility and withdrawals?
Visit the IRS website for the most up-to-date information.
Still have questions?
Ask a banker. We're here to help you find the right fit for your retirement goals.