Individual Retirement Account³

Abacus IRA products providing stable returns to help you plan for retirement. See any of our IRA representatives. We will explain the nature of these accounts in more detail and help you complete the forms necessary to establish your traditional and/or Roth IRA.

• A high interest fixed-rate certificates are available to give you a safe and secure way to save for retirement.
• In addition to high interest, you IRA may also bringing new opportunities for tax-advantaged savings⁴.

 TRADITIONAL IRA & ROTH IRA ANNUAL CONTRIBUTION LIMITS⁵

Open An IRA Today! Opening an IRA at Abacus Bank is easy! Just stop by or give us a call. We are here to help you save for retirement tomorrow today. 

^{*Annual Percentage Yield (APY) is good until 04/30/2021. The promotional rates disclosed above is for new IRA CD accounts only. Minimum deposit of $1,000 is required to open an IRA CD account. The annual percentage yield assumes interest will remain on deposit until maturity. Withdrawals from IRAs before age 59 1/2 years old may be subject to a 10% federal additional tax and possible state tax. In addition, withdrawals from IRA CD before the maturity date may also be subject to bank early withdrawal penalties. Fees could reduce earnings on the account. Please consult your tax professional. This promotion may be changed or terminated at any time without notice.}

^{1 A one-time gift will be provided for opening a new IRA CD account. Customer with deposit of $7,000 or above will get a umbrella or reusable mask; $5,000 - $6,999.99 get a tumbler or canvas bag; $3,000 to $4,999.99 get a mug or piggy bank; $1,000 to $2,999.99 will get a blue cotton bag or a lunch bag. The Bank reserves the right to make gift substitutions and assumes no liability for any defects in, or consequential damages relating to gift items.}

^{2 FDIC insures up to $250,000 per depositor, per institution.}

^{3 This page includes information you need to know about deposit accounts at Abacus Federal Saving Bank. This page is designed to help make your banking at Abacus Federal Saving Bank easy to understand and is intended to provide general information with respect to the features and requirements of Individual Retirement Accounts through Abacus Bank. It is not intended to provide legal advice or to be a detailed explanation of the rules or how such rules may apply to your individual circumstances. For specific information, you are encouraged to consult your tax or legal professional. IRS Publication 590, Individual Retirement Arrangement (IRAs), and the IRS website, www.IRS.gov, may also provide helpful information.}

^{4 Consult your tax advisor.}

^{5 Contributions to a Traditional IRA are not permitted once you reach age 70½. Contributions to a Roth IRA may be made at any age.}

^{6 Subject to annual cost-of-living adjustments (COLAs), if any.}