Individual Retirement Account - Our Individual Retirement Account,( or I.R.A.) can be opened with as little as $100.00. You may add to this during the year to reach your maximum annual contribution. These funds are put into a Certificate of Deposit, and you choose the length of time that you want to invest your funds. Our I.R.A. Certificates of Deposit have the same term, rates, and penalties as do regular Certificates.
Spousal Individual Retirement Account - Begining on January 1, 1997, a non-working spouse may also make annual contributions. These accounts are handled in the same manner as a regular Individual Retirement Account.
Simplified Employee Pension Plan (SEP-IRA's) - This plan is offered to those who are self employed or who own a small business. This is a way for the employer to allow their employees (those who qualify) to save for their retirement.
Roth IRA Account - The Roth IRA Account is similar to the IRA Account except the contributions are not tax deductible, but the distributions can be tax free.
Health Savings Account (HSA) - A Health Savings Account (HSA) is a type of personal savings account that helps those with qualified high-deductible health plans (HDHPs) save money on many out-of-pocket medical expenses like doctor visits, vision and dental care, and prescriptions.
IRA Rollovers - We can help you rollover any portion of funds from a Qualified Retirement Plan (such as a plan with your employer) or from an existing I.R.A. at another financial institution, to an I.R.A. at Anahuac National Bank. When making a rollover from one institution to another, it is very important to make the transfer between institutions so that you do not incur a tax liability.
Anahuac National Bank