IRAs for Businesses

Individual retirement accounts are an essential component of your long-term financial strategy. Discover options that support your future.

Secure your future with individual retirement accounts

Choose the right IRA for you

Long-term business planning includes retirement plans. With a wide range of options, you can find the ideal IRA for you.

Traditional IRAs

Benefits

Tax-deferred saving

Fixed rates

Variety of terms available

Tax-deffered savings

Consult your tax
advisor for possible
tax benefits.


Additional benefits

If you’re eligible to deduct your IRA contributions now—and expect to be in lower tax bracket when you’re ready to cash out the IRA—this is a great option.

Rollover IRAs

Benefits

Penalty-free rollovers

Tax-deferred saving

All your funds in one place

Keep it all in one place

You can roll over funds from other retirement plans—like a 401(k) or pension—to keep all your retirement savings in one place.

Tax-deferred and penalty-free

Ensure all your retirement investments remain tax-deferred and penalty-free.


One convenient place

When you’re ready to take money our of your retirement savings, it’s all in one convenient place.


Roth IRAs

Benefits

Withdraw principal anytime

Tax-free interest accrual

Variety of rate & term options

No penalties

A flexible way to save for retirement without locking up your funds long-term. Make withdrawals of your contributions anytime with no penalties.

Tax-free

The interest your Roth IRA earns is tax-free after the age of 59 and a half—and tax-free distributions can be passed to beneficiaries.

Additional benefits

First-time homebuyers can use up to $10,000 toward their down payment without taxes or penalties.


SEP IRAs

Benefits

Simple to set up

Tax-deductible

For you and your employees

Smart and easy

A smart and easy way for business owners to save for retirement—and offer employees retirement benefits too.

Tax-deductible

Your contributions are tax-deductible—up to 25% of annual compensation—reducing your tax burden now.

Offer employees retirement

Offer employees retirement benefits without incurring the cost and hassle of overseeing and managing assets.

Explore our comprehensive solutions for coastal business banking

!

COVID-19: What we are doing and our preparedness.  Learn More
Oct 24th: Online Bill Pay will be undergoing maintenance and will be unavailable from 11pm – 5am. We apologize for the inconvenience.