• Home
• Contact Us
• Bank Locations
  • Tescott
  • Salina - Santa Fe
  • Salina - South Ohio
  • Lincoln
  • Lindsborg
• ATM Locations
• Deposits
  • Checking
  • Savings
  • Money Market
  • Club 50
• Loans
  • Home
  • Commercial
  • Consumer
  • Ag
• CDs/IRAs
  • CDs
  • IRAs
• Rates
• Investments
• Other Products/Services
• About Us
• Privacy Statement

Register today for the Verified by Visa program.

IRAs

IRA is an Individual Retirement Account. An IRA is a personal savings plan that provides income tax advantages to individuals saving money for retirement purposes.

The Bank of Tescott offers the following types of IRA’s:

• Traditional IRA: With this IRA the amount of the contribution may be deductible on your taxes.
• SEP IRA: This is an employer established and funded Simplified IRA, where the employer can put up to 15% of compensation into the special IRA.
• ROTH IRA: Contributions are not deductible when the funds are contributed, but the earnings accumulate tax-free and remain tax-free upon distribution.

For more information, email deposits@bankoftescott.com or call to speak with a customer service rep. *note: do NOT include any account numbers/personal information in your correspondence.