Individual Retirement Accounts

Features

  • Minimum opening deposit only $100
  • Choose between Traditional IRAs, Roth IRAs, as well as a Coverdell Education Savings Account
  • Contribute to account at any time*
  • Traditional IRA and Roth IRA contribution limits: 
    • Taxable Year 2016 is $5,500
    • Taxable Year 2017 is $5,500
    • Individuals who are age 50 or over at the end of the calendar year can make a catch up contribution up to $1,000.
  • Earn a higher interest rate over CD interest rates
  • Contributions may be tax deductible**
  • Adjust your rate annually if over 59 ½ years old
  • Set up automatic transfers to or from a Gate City Bank Checking or Savings account
  • IRAs are separately insured by the FDIC up to $250,000

2016 IRA contributions can be made until April 18, 2017.

What Our Customers Say

"I highly recommend Gate City Bank and their entire staff for all of your financial needs. They provide the highest quality of service and make you feel like a member of the Gate City family."

-Frank
Grand Forks, ND

You might also like

*Annual contribution limits apply.
**Ask your tax consultant about possible benefits and tax advantages.