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IRAs

An Individual Retirement Account (IRA) is a special savings plan that lets you put aside money earned today for use in your retirement. Brotherhood Bank offers both Traditional and Roth IRA accounts.

 

Traditional IRAs

Funds contributed grow tax-deferred and may be tax-deductible.

  • Available to persons under age 70 ½
  • Minimum opening contributions

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Roth IRAs

The funds that you contribute are not tax-deductible, but any money you withdraw from the account (including earnings) will not be taxed.

  • Available to persons of any age
  • Minimum opening contributions

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Rollover IRAs

Transfer an existing IRA or other tax-qualified fund to a Brotherhood Bank IRA.

  • Available for existing IRAs or other tax-qualified funds
  • Funds must be reinvested within 60 days
  • Some restrictions may apply

Learn more >