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A Bogota Savings Bank Individual Retirement Account (IRA) is an effective retirement savings tool and the right savings choice for customers seeking a safe, secure way to save for the future – while benefiting from distinct tax advantages.
A statement savings IRA is the right choice for customers who want to consolidate retirement accounts or establish a retirement vehicle without a specific term requirements. A statement savings IRA can be opened with as little as $25 and accepts deposits at any time without required minimum balances.
Our traditional IRAs are offered at terms from 6 months to 5 years, with an opening minimum deposit as low as $500; all at competitive rates. We know our customers aren’t all the same, so there is an IRA to match your individual needs and investment goals. All IRAs are insured by the FDIC to applicable limits.
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