Personal Banking:
IRAs

Individual Retirement Accounts

Save for retirement or your child's education with an Individual Retirement Account from PlainsCapital Bank. IRAs offer tax benefits and are fixed term, FDIC insured accounts.

Contributions to traditional IRAs are typically tax deductible and earnings are not taxed until funds are withdrawn. Earnings from Roth and Coverdell Education Savings Accounts are typically not subject to federal taxes*.

• Minimum deposit to open is $100
• IRAs are available from one to five years with fixed rates or an 18-month account with quarterly variable rates
• Qualified Roth IRA withdrawals are completely tax free
• Expanded traditional IRAs have increased the deductible contribution limit and added penalty-free distributions
• CESAs offer tax-free withdrawals for your children's education

* Consult your tax professional for tax rules regarding IRAs.