CDs and IRAs

IRAs

Take advantage of tax savings and plan for financial security with a Security National Bank Individual Retirement Account.

  • Traditional IRAs offer tax-deductible savings for retirement and earn tax-deferred interest.
  • Roth IRAs are not tax-deductible when opened, but both earnings and principal are tax-free when distributed.
  • Simplified Employer Pension Plans encourage you to develop a very simple retirement plan for your company. Your company may contribute up to 25 percent of each employee’s total compensation up to a maximum of $55,000.00 per employee. SEP plan contributions are even permitted for small businesses whose owner is the only employee. Each employee’s retirement account grows tax deferred.
  • Minimum opening deposit is $100.00.
  • Interest compounds daily and pays quarterly.
  • No set-up or annual fees.
  • IRA instruments are FDIC insured and subject to penalty for early withdrawal.

Complete account disclosures, with current annual percentage yield information, are available upon request. For additional information, please contact a Customer Service Representative at 580-234-5151 or email us at customerservice@SNBEnid.com.

CDs

Certificates of Deposit offer the safety of FDIC insurance and a guaranteed interest rate. Security National Bank offers a variety of certificates to meet your maturity and yield needs.

  • Certificates can be titled for individual, joint, in-trust-for, estate, or payable-on-death ownership.
  • Simple interest is paid on 365/366 day basis annually or at maturity or it may be compounded on a quarterly, semi-annual, or annual basis.
  • The balance on which interest is computed for your account is determined by the daily balance method.
  • Interest accrues daily.
  • Interest will be credited to the principal of your certificate, unless you request a deposit to an SNB checking or savings account.
  • CDs are FDIC insured and subject to penalty for early withdrawal.
  • There are no set-up or annual fees.

Complete account disclosures, with current annual percentage yield information, are available upon request. For additional information, please contact a Customer Service Representative at 580-234-5151 or email us at customerservice@SNBEnid.com.

Mobile Banking

Check account balances, transfer funds, view recent transactions or images and much more from the convenience of your mobile phone or web based device.

Products & Services

From e-Statements to convenient ATM locations, SNB offers a wide variety of products and services to fit your lifestyle.

Security & Privacy

SNB puts everything in place to protect your deposits. Our secure banking transactions plus FDIC insurance keep your money safe.

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