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With an IRA from State Bank & Trust Co., you get secure, completely-insured investment options with a manageable initial investment, just select the IRA that fits your investment goals.


  • Earnings are tax deferred until withdrawal
  • Annual contributions of $6,000 ($7,000 if age 50 or older)
  • Contributions may be tax deductible*
  • Created for individuals who do not participate in employer-sponsored retirement plans
  • Certain individuals who do participate in employer-sponsored retirement plans may still qualify
  • Mandatory minimum distributions at age 72

*Contact your tax professional regarding deductibility 


  • Offers a tax structure unlike any other IRA, with after-tax contributions and tax-free growth*
  • Annual contributions of $6,000 ($7,000 if age 50 or older)
  • Withdraw money from your Roth IRA at any time without paying taxes up to the amount of your contributions**
  • Qualified withdrawals are not taxable
  • No mandatory minimum distributions at age 70 and a half

*Contact your tax professional regarding deductibility.  

**If you take distributions within the first five years you will receive a 10% penalty on the distribution amount.

Coverdell Savings Account (Educational Savings Account)

  • Great investment for your child or grandchild's education
  • Money may be used for elementary, high school, or college expenses
  • Annual contributions of $2,000 can be made
  • Contributions can be made for a beneficiary under the age of 18

Stop by to open a Coverdell Savings Account or IRA that fits your investment goals today.

*IRA's are FDIC insured to $250,000.

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