Ready to take the next step toward a secure and prosperous retirement?
Check out these two options to find the perfect saving strategy that fits your needs.
12-Month IRA CD Special at 4.30% annual percentage yield: This offer is ideal for customers nearing retirement or those considering rolling over their qualified retirement plans.
Structured Savings IRA: Whether you’re just starting to save or looking to enhance your retirement portfolio, this option offers a flexible and secure solution with tiered interest rates.
Speak with an INB banker at 217-747-5500 or toll free 877-771-2316, schedule an appointment with a banker or stop by one of our branches to open an IRA account that fits your needs today.
12-Month IRA CD Special
| Term |
Interest Rate |
Annual Percentage Yield (APY) |
Minimum Deposit |
Balance Information |
Limitations |
Time Account Information |
| 12-Month |
4.30% |
4.30% (APY) |
$1,000 |
We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. You must maintain a minimum balance of $1,000 in the account each day to obtain the disclosed annual percentage yield. |
You must deposit $1,000 to open this account. You may not make additional deposits into this account. |
Your account will mature in 12 months. If you withdraw any of the principal before the maturity date, INB will impose a penalty of 180 days of interest. This account will automatically renew at a 12-month term with the standard rates in effect at that time. If you do not withdraw the funds, each renewal term will be 12 months beginning on the maturity date. |
Structured Savings IRA
| Interest Rate |
Annual Percentage Yield (APY) |
Balances of |
Balance Information |
Limitations |
| 3.16% |
3.21% |
$0 to $4,999.99 |
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. The interest rate and annual percentage yield for these tiers is effective as of 6/5/2024 and may change. |
You must deposit $50.00 to open the account. To be eligible for this account, you must make monthly automatic contributions from an INB account in the amount of $5.00 or more. |
|
3.66%
|
3.72%
|
$5,000.00 to $100,000.00 |
We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. The interest rate and annual percentage yield for these tiers is effective as of 6/5/2024 and may change. |
You must deposit $50.00 to open the account. To be eligible for this account, you must make monthly automatic contributions from an INB account in the amount of $5.00 or more. |
- Money Market IRA (Individual Retirement Account): the most basic of our accounts, with the most flexibility of our offerings. After a small opening deposit, you can deposit money at any time. This account has a competitive interest rate.
- Certificates of Deposit (CDs): low-risk savings with a range of options available, from a 6-month maturity to a 5-year maturity. Read more about our CDs here.
Deposit and withdrawal limitations are dictated by IRS regulations. You may need to consult your tax advisor regarding these limitations. All INB IRA products can be classified as either Traditional or Roth IRAs. INB accepts transfers from existing IRAs and rollovers from existing qualified plans.
For more robust retirement offerings, visit INB Wealth.