IRA Savings

Banking With Excellent

What's a 360 IRA Savings account?

A fee-free savings account designed just for retirement. A traditional IRA is an account that allows you to defer taxes on your earnings until they are withdrawn. Also, certain contributions may be tax deductible in the year they are made. Check with your tax preparer for deductibility.

The Roth IRA is an account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, members who expect to be in a higher tax bracket when they retire may benefit more from a Roth IRA than from a Traditional IRA. Unlike the Traditional IRA, there is no requirement to begin taking distributions at age 70 1/2.


IRAs are one of the best ways to start planning for your future while also reducing your taxes. If you are in the market to start an IRA, and you are a member with earned compensation who is not older than 70 years of age you are eligible to start your new account today.

Northlink Community Bank Educational IRA Savings Account

Whether your child is starting college next year or in 18 years, there’s no denying it will come with a hefty price tag. And there’s no easier way to start than with a Northlink Community Bank Educational Savings Account. This IRA is available in a Savings account and Share Certificate account; distributions are tax-free and penalty-free for qualified expenses.

  •   Competitive interest rates
  •   Guaranteed rate of return on Northlink Community Bank Educational Savings IRA Certificates
  •   3-month to 5-year terms available on Northlink Community Bank Savings IRA Certificates
  •   Available in $1 minimum Capital Educational Savings IRA accounts
  •   $500 minimum balance on Northlink Community Bank Educational Savings IRA Certificate
  •   Dividends compound daily and paid monthly on Northlink Community Bank Educational Savings IRA accounts
  •   Tax-deferred dividends may reduce your taxes