IRAs

Fixed Rate Individual Retirement Account (IRA)

Preferred Bank's Fixed Rate IRA is the perfect solution for your retirement contribution or retirement nest egg.  The interest rate is fixed for the entire term taking the guess work out of calculating your interest earnings.  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 - click here for interest rates
  • Free PBnet Personal Online Banking
  • Free eStatements

Floating Rate Individual Retirement Account (IRA)

Preferred Bank's Floating Rate IRA is designed for retirement savers who want their interest rate tied to a competitive rate index.  The interest rate changes at the beginning of each month. 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 - click here for interest rates
  • Free PBnet Personal Online Banking
  • Free eStatements