Mature tourists enjoying a walk

IRAs

 
Questions?
Toggle Phone Information
Toggle Location Information

For more than a century, Armstrong Bank has provided exceptional customer service to families and individuals across Oklahoma and Arkansas. When it comes to saving for retirement, you may be worried about having enough to live off of in your post-work years. Let us help you build a legacy for yourself and your family. We offer traditional and Roth IRAs as well as Coverdell Education Savings Accounts (CESA) to help a child save for college.

To learn more about IRA and CESA options or open an account, contact us or visit one of our convenient locations. 

 

Traditional IRA

This Individual Retirement Account allows you to make annual contributions up to a set maximum dollar amount. Depending on your income, tax filing status, and employer-sponsored retirement plan coverage, contributions may be tax deductible. A traditional IRA savings account can be a great alternative for individuals without employer-sponsored retirement savings.

 

Roth IRA

As an alternative to traditional IRAs, Roth IRA contributions are not tax deductible, but withdrawals of principal and earnings are tax-free when certain conditions are met. A Roth IRA is a great complement to your employer-sponsored retirement savings account. Enjoy tax-free withdrawals in retirement with this option.

 

Coverdell Education Savings Account (CESA)

This is an educational savings account established for the benefit of a child up to the age of 18 years old. Any adult can make annual contributions up to a set maximum dollar amount. Earnings on contributions accumulate tax-free if used for qualified educational expenses. Open a CESA for the children in your life to give them a head start on college. 

 

Your future looks bright with an IRA from Armstrong Bank

At Armstrong Bank, we strive to achieve customer satisfaction in our communities by providing a complete menu of financial products and customer service that is prompt, friendly, and professional. In short, we want to exceed your expectations every time you visit us. We are also proud to be part of your neighborhood--our banking experts live and work in the same communities they serve.