Plan Ahead with an IRA
Explore your IRA Choices
Each account is designed to support your long-term savings goals—find the one that fits your future.
| Traditional and Roth IRA terms | Minimum to open |
|---|---|
| 8-Month IRA - Single Deposit | $500 |
| 8-Month ROTH IRA - Single Deposit | $500 |
| 12-Month IRA - Flexible | $25 |
| 12-Month ROTH IRA - Flexible | $25 |
| 24-Month IRA - Single Deposit | $500 |
| 24-Month ROTH IRA - Single Deposit | $500 |
| 36-Month IRA - Single Deposit | $500 |
| 36-Month ROTH IRA - Single Deposit | $500 |
| 60-Month IRA - Single Deposit | $500 |
| 60-Month ROTH IRA - Single Deposit | $500 |
All Skyline National Bank IRAs will auto-renew at maturity.
Annual contribution limits apply*.
The penalties for early withdrawal are three months’ interest on the 8- and 12-month IRAs and ROTH IRAs; and the pentaly is six months’ interest on 24-, 36-, and 60-month IRAs and ROTH IRAs.
*Annual contributions are limited to the lesser of $7,500 or 100% of participant’s annual income. A working spouse can contribute $7,500 for a non-working spouse. An individual who attains age 50 before the close of a taxable year may contribute an additional $1,100 “catch-up” contribution for that taxable year.
Additional fees and terms apply. For more details, our Product and Service fee schedule is available upon request.