Affinity Bank offers competitive rates on all IRA products which are available for terms of 12 months up to 60 months. Opening an Affinity Bank IRA is a great way to diversify your retirement investments with other retirement vehicles which may include only stocks and bonds.
The most common types of IRAs opened at Affinity Bank are Traditional IRAs, Roth IRAs, and SEP IRAs. It is always important to discuss with your tax advisor which IRA product will be best for your situation.
In addition to opening the account you can control your investment by making additional deposits into your IRA. Distributions can be deposited directly into your Affinity Bank checking or savings account.
In 2006, the FDIC increased the insurance coverage on self-directed retirement accounts to $250,000, such as IRAs.Continue to check back regularly to look for specials that may be offered from time to time.
- High interest rates
- Minimum balance to open - $500.00
- No annual maintenance fees
- FDIC insurance