Saving for your retirement is always a good idea. Doing so with major tax advantages is even better. Solvay Bank offers tax-advantaged IRAs to meet everyone's needs.
Take advantage of our personal customer service and competitive interest rates. Best of all, with no set-up or maintenance fees, there's nothing holding you back from preparing for a secure financial future.
Anyone can open a traditional IRA. It offers immediate tax savings in addition to tax-deferred earnings.
The Roth IRA was created for those concerned with being in a higher tax bracket at retirement. Earnings are tax free at withdrawal, rather than tax deferred. However, contributions are not tax deductible and income limits apply to open a Roth IRA.
The Coverdell Education Savings Account is a savings plan for those wishing to fund future higher education expenses of a designated beneficiary. The earnings will be tax free if used for qualified education expenses.