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Stability in uncertain times: Stearns Bank is the financial institution you can trust.

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Individual Retirement Accounts (IRAs)

It's always a good time to start building your retirement nest egg with an IRA or Certificate of Deposit IRA. We can help you manage your existing account or consolidate accounts to fit your retirement plans.

Individual Retirement Accounts - Traditional IRA

Traditional IRA

Traditional Individual Retirement Accounts (IRAs) are helpful if you're trying to reduce your taxes today. Here are some things to keep in mind:

  • Contributions may be tax deductible
  • Pre-tax contributions and any earnings are taxable when withdrawn
  • Withdrawals after age 59½ avoid IRS penalty
  • Minimum required distributions start at age 70½
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Roth IRA, Roth Individual Retirement Account

Roth IRA

A Roth IRA is a flexible option to save for retirement. Here are some points to consider with them:

  • Contributions are not tax deductible
  • Your money grows tax-free in the account
  • You can withdraw your money tax-free in retirement (conditions apply)
  • You can withdraw your own contributions at any time without IRS penalty
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Certificate of Deposit Calculator

Use this calculator to find out how much interest you can earn on a Certificate of Deposit (CD).
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Enhanced Loan Calculator

Use this calculator to look at a variety of possible loans. Change your monthly payment, loan amount, interest rate or term.
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