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