Individual Retirement Accounts

Open your IRA account at PB&T Bank today! Call us at 1-888-728-3550 to speak with a live member of our team or visit one of our locations to get started!

An IRA can be useful savings tool for customers who want to set money aside for the future. Depending on the type of IRA and your individual situation, there may be tax advantages available. Because IRA rules are set by the IRS and may change, we encourage customers to consult with a qualified tax advisor before opening, contributing to, or taking distributions from an IRA.

Traditional IRA

A Traditional IRA may be a good option if you want to save for retirement while taking advantage of potential tax-deferred growth.

Things to Know:
  • Contributions may be tax-deductible depending on your circumstances.
  • Earnings may grow tax-deferred.
  • Penalties may apply when funds are withdrawn early or outside current IRS guidelines.
  • IRS rules apply to contributions, withdrawals, and required distributions.

Roth IRA

A Roth IRA may be a good option if you want to save after-tax dollars for retirement and you may qualify for tax-free withdrawals later, if IRS requirements are met.

Things to Know:
  • Contributions are made with after-tax dollars.
  • Earnings may grow tax-free.
  • Qualified withdrawals may be tax-free.
  • IRS rules apply to eligibility, contributions, and withdrawals.

Plan for your future with PB&T

Our team can help explain the IRA options available at PB&T Bank and help you choose an account that fits your savings goals. For tax guidance or questions about IRS rules, contribution limits, eligibility, or withdrawal requirements, please consult a qualified tax advisor. Your trusted partner, PB&T offers several convenient branch offices. Stop by or call us today!

How to Open an IRA

Step 1

Apply in-person at one of our locations.

Step 2

Provide the following Information and Documentation:

  • An initial deposit of $500.00
  • Date of Birth
  • A social security number or Tax Identification Number
  • A U.S. residential street address
  • A State-issued driver’s license, identification card, passport or military ID

Want to learn more? Call 1-888-728-3550, send us an email or visit one of our locations for more information.