Individual Retirement Accounts (IRAs)

It’s never too early to think about your financial future, and an IRA is a good place to start. We offer several different IRA options, including fixed and variable-rate IRAs, SEP IRAs, and Roth IRAs. For individuals looking for stability, fixed-rate IRAs provide a guaranteed interest rate over the term of your investment. Variable IRAs offer savings flexibility by allowing you to make ongoing additional contributions that can be deducted from your Salin Bank checking or savings account. 


IRA Certificates of Deposit

TypeMinimum DepositCompoundingRateAPY*
12 Month Fixed IRA$1,500Quarterly0.22%0.22%
36 Month Fixed IRA$1,500Quarterly0.45%0.45%
48 Month Fixed IRA$1,500Quarterly0.60%0.60%
60 Month Fixed IRA$1,500Quarterly0.80%0.80%
12 Month Fixed ROTH IRA$1,500Quarterly0.22%0.22%
36 Month Fixed ROTH IRA$1,500Quarterly0.45%0.45%
60 Month Fixed ROTH IRA$1,500Quarterly0.80%0.80%
18 Month Variable ROTH IRA$1,500Quarterly0.25%0.25%
12 Month Fixed Education IRA$500Quarterly0.22%0.22%
60 Month Fixed Education IRA$500Quarterly0.80%0.80%

Rates are effective 08/11/2014 and are subject to change. Substantial penalty for early withdrawal.
*APY = Annual Percentage Yield



IRA Savings Account

TypeMinimum Deposit to Earn RateCompoundingRateAPY*
IRA Savings Tier 1$1 - $9,999Quarterly0.01%0.01%
IRA Savings Tier 2$10,000 - $24,999Quarterly0.01%0.01%
IRA Savings Tier 3$25,000 - $49,999Quarterly0.05%0.05%
IRA Savings Tier 4$50,000 - $99,999Quarterly0.07%0.07%
IRA Savings Tier 5$100,000 & AboveQuarterly0.11%0.11%
$50 minimum to open account    

*Annual Percentage Yield (APY). Payments from your Salin IRA Savings Account are subject to federal income tax withholding, unless you elect no withholding. You may change your withholding election at any time prior to your receipt of a payment. Your withholding election does not affect the amount of income tax you pay. You may incur penalties under the estimated tax rules if your withholding and estimated tax payments are insufficient. You may be required to pay estimated taxes even if you elect withholding. Rates may change after the account is opened. Fees may reduce earnings.