Individual Retirement Accounts (IRAs)
To make the most of your retirement, you need to make the most of your retirement savings. MVB can provide the consistent, high returns of CDs with the tax benefits* of IRAs. Both worlds...meet the best of each other.
The sooner you start, the more secure your future can be. MVB makes it easy with no setup fees and only a $1,000 deposit to open. Together, we'll see you through your working years and beyond.
- Summary
- Tax-advantaged retirement savings*
- Competitive interest rates
- No setup or maintenance fees
- Invest funds in MVB CDs within IRA to maximize returns
- $1,000 minimum deposit to open
- FDIC insured
*Limits and qualifications apply. Consult with a tax advisor to determine eligibility.
- Traditional IRA
- Contributions can be tax deductible*
- Earnings are tax deferred until withdrawal
- Withdrawals can begin at age 59½**
- Early withdrawals subject to penalty*
*Limits and qualifications apply. Please consult with a tax advisor.
**Bank penalties may apply.
- Roth IRA
- Contributions are NOT tax deductible
- Earnings are 100% tax free at withdrawal*
- Withdrawals on interest can begin at age 59½**
- Early withdrawals on interest subject to penalty*
- No mandatory distribution age
*Limits and qualifications apply. Please consult with a tax advisor.
**Bank penalties may apply.
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