IRAs

Fixed Rate Individual Retirement Account (IRA)

Preferred Bank's Fixed Rate IRA is fixed for the entire term. Accounts are available for both Contributory and Rollover IRAs.

  • $1,000 minimum opening deposit
  • $25 annual fee
  • Terms from 1 to 3 years
  • Fixed Interest Rate - contact our local branch for interest rates
  • PBnet Personal Online Banking
  • eStatements

Floating Rate Individual Retirement Account (IRA)

Preferred Bank's Floating Rate IRA is designed for retirement plans. Accounts are available for both Contributory and Rollover IRAs.

  • $1,000 minimum opening balance
  • $25 annual fee
  • Terms from 1 to 3 years
  • Floating interest rate based on the 6 month T-Bill rate - contact our local branch for interest rates
  • PBnet Personal Online Banking
  • eStatements

Personal Deposit Rates

Preferred Bank accounts are insured by the Federal Deposit Insurance Corporation (FDIC). Feel free to use the FDIC's Insurance Estimator (EDIE) to tell you how your Preferred Bank accounts are federally insured.