IRA's

Traditional

Traditional IRAs allow you to defer taxes on your earnings until they are withdrawn. In addition, if you are eligible, your contributions may be tax deductible in the tax year for which they are made.* Please contact a customer service representative for complete details.

Roth

Roth IRAs give you the ability to invest your after-tax dollars today, let the investment grow tax-deferred, and qualifying withdrawals tax-free.* Your contributions are already taxed; so the principal amount is never subject to taxes and the earnings can be tax free if certain conditions are met. Please contact a customer service representative for complete details.

Education

An Education IRA is a tool created for the purpose of paying for the future cost of a child's post-secondary education. The plan allows total after-tax contributions of $500 per year per child until they reach the age of 18. These contributions and the earnings are tax-free when withdrawn to pay for qualified education expenses. Please contact a customer service representative for complete details.

*All rules do not apply to all taxpayers. Consult your tax advisor about your specific situation.

U.S. Savings Bonds

You may purchase U.S. Savings Bonds at Palmetto State Bank. We have Series EE and Series I available. Please contact one of your customer service representatives for details.