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. The SEP rules permit an employer to contribute a limited amount of money each year to each employee’s SEP IRA, or if you are self-employed, you can contribute to your own SEP IRA. The contribution limits are set each year by the IRS. 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.
