Savings for retirement is easier than you think.
Start your retirement planning today with an IRA.
Individual Retirement Accounts, or IRAs, are one of the most effective ways to build a retirement nest egg, diversify your investment portfolio and are great for receiving required minimum distributions. Available in a savings account or two varieties of IRA's – Traditional and Roth – you are able to grow your savings tax-free or tax-deferred until you’re ready to retire.
IRA Savings
Great for customers beginning to save for retirement or receiving required minimum distributions as well as customers needing more access to their funds.
-
Waive monthly service fee with $100 balance, otherwise $5 per month
-
Earn interest on all balances
-
Minimize or defer taxes on your savings
Tip: IRAs Savings are allowed up to 3 withdrawals per month, but you may incur significant tax penalties. If you think you may need to dip into your savings, talk to one of our associates to choose which savings account is best for you.
IRA CDs
Many investors choose to put their IRA funds into an IRA Certificate of Deposit. An IRA CD offers the best of both worlds – the tax benefits of an IRA and the dependable security of a CD. Just like Personal CDs, IRA CDs provide a conservative approach to retirement savings, generating consistent income with liquid assets. As CDs mature within your IRA account, you can continually reinvest or safely withdraw funds to cover expenses.
-
Minimum Deposit: $1,000
-
Grow your savings at dependable, guaranteed rates
-
Defer tax payments until you’re ready to withdraw
CD automatically renews at maturity.
Traditional vs. Roth
Once you’ve determined the ideal account type, you can also choose whether a Traditional or Roth IRA is right for you.
Traditional IRA
The perfect solution for investors who want to safeguard their savings now and minimize their current tax burden. Contributions are often tax deductible and grow tax-deferred until withdrawal. If you plan on withdrawing from your IRA after you retire, a Traditional IRA can significantly reduce taxes on your investment.
Roth IRA
Leverages after-tax income, meaning your savings can typically grow tax-free and be withdrawn tax-free if you meet certain conditions. Roth IRAs are an ideal complement to other investment accounts, since you can rely on every penny you save coming back to you – with interest.
No matter what stage of life you are in, we have the insights and tools to meet your retirement goals.
Check out our full suite of retirement planning solutions.
Stop by today to start saving!
1. U.S. checking or savings account required to use Zelle®. Transactions between enrolled users typically occur in minutes. Only send money to people you know well and trust. If you don't know the person you are paying or are unsure you will receive what you are purchasing, then we don't recommend you use Zelle® for the transaction. Once you have authorized and made a payment through Zelle®, it may not be possible to reverse the payment or recover the funds.
Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
2. NSF items created by check, in-person withdrawals or other electronic means that overdraw (OD) an account may be charged $36.00 per item. If you have opted into the payment of ATM and everyday debit card (POS) transactions into OD, we may assess OD fees on those items as well. We waive OD fees on the following: NSF items of $5 or less or overdrawn balances of $10 or less at the end of nightly batch processing. See our Truth in Savings Disclosure and Deposit Agreement for more information. We pay overdrafts at our discretion and do not guarantee that we will always authorize payment of any transaction. For example, we typically do not pay overdrafts if your account is not in good standing. If your account is overdrawn, you must immediately bring it to a positive balance. Visit a financial center or www.hancockwhitney.com/overdraft-protection-services for additional details on the Bank’s OD practices.
3. All account applications are subject to approval. $25 minimum opening deposit is required. Monthly service fee of $10 can be waived by the following: primary account holder under 18 or age 64 and over or make one or more client-initiated debit or credit transactions per statement cycle to waive the service charge. No minimum daily balance or minimum direct deposit amount is required to waive the service charge. If your account is closed within the first 180 days after opening, a $20 service charge will be assessed and we reserve the right to deduct the bonus amount from your account’s closing balance. Please refer to the Truth in Savings Disclosure for other applicable fees and information.