Choosing the Right Personal Savings Account
Savings Account
Savings Account
Whether you're just starting or need a plan to save part of your paycheck, our traditional low-cost savings accounts offer competitive interest rates with no service charge if a minimum daily or average collected balance is maintained. Get started with a deposit of only $100 and watch your future grow.
- Free for account holders under 18 years of age.
- There is no service charge if a minimum daily balance of $500 or the average collected balance of $1,500 is maintained.
- Direct deposit makes it convenient for you to reach your savings goals.
- 24/7 online banking and mobile banking.
Certificate of Deposits
Certificate of Deposits
The best place to save money is where it can earn interest. Plan for your future with our Certificates of Deposits (CDs), a high-yield savings account with guaranteed interest rates for whatever term is right for you. Feel secure knowing that our CDs are a great investment, offer competitive rates, and are FDIC-insured.
- Get our highest deposit interest rates.
- All deposits are insured up to the legal limit as an FDIC member bank.
- Interest rates vary by the length of the term - 60 days to 4 years.
- It takes as low as $2,500 to open a CD account.
IRAs
IRAs
Individual Retirement Accounts (IRAs) are an incredible asset to help you save for your retirement in a tax-advantaged way. Your contributions grow tax-deferred until you retire. IBC Bank offers three IRA accounts that help you reduce your taxable income, save for college, and let you enjoy tax-free earnings. We've got you covered.
- Traditional IRA: Reduce your current year's taxable income and save
- Roth IRA: Benefit from investments by earning tax-free from dividends and interest
- Educational IRA: Help build a family member's college fund tax-free