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Individual Retirement Accounts (IRAs)

Individual Retirement Accounts (IRAs)


It's never too early to start planning for retirement. Peoples Bank offers both Traditional and Roth IRAs to suit your individual financial planning needs.


  • Great interest rates
  • Fixed and variable terms available
  • Possible tax advantages
  • FDIC insured

Consult your tax advisor.

Roth IRA

Another vehicle for saving for retirement is the Roth IRA. These contributions are not deductible; however, your earnings are TAX-FREE when you're ready to use them, as long as you hold the investment for at least 5 years AND you make a qualified distribution.

Traditional IRA

In a traditional IRA, you don't pay tax on the earnings until you begin distribution. Depending upon your income level, you may be able to deduct all or a portion of your contributions.