Justin State Bank

Personal Banking

Individual Retirement Account (IRA)

Traditional IRA and Roth IRA

Customers planning for retirement can choose to open an IRA with a minimum opening deposit of $250.00. Deposits made to IRAs may qualify for tax deductions. All IRAs have a six (6) month maturity. JSB uses the daily balance method to calculate interest earned on your account; this method applies a daily periodic rate to the principal in the account each day. Interest is added to the deposit account monthly and is eligible for withdrawal without penalty; however, early withdrawal penalties apply to principal.

To take full advantage of the benefits an IRA can offer, we recommend you consult your financial advisor to determine which IRA serves you best.

For more information on Individual Retirement Accounts (IRAs), please contact a New Accounts Representative.

Notice: Justin State Bank does NOT maintain any social networking sites (Facebook, Twitter, etc.)

(940) 648-2753