- HOME
- BUSINESS AND AGRICULTURE
- BANK
- SAVINGS
- SEP IRA
It has come to our attention that our customer care number is being imitated. You may get a call from a scammer claiming to be from the bank and asking for personal and bank details. Please note: We will NEVER call you to verify personal information. If you receive such a call, do not share your details and report the incident to us immediately. Stay safe and thank you for your vigilance!
SEP IRA
Maximize retirement for you and your small business
- HOME
- BUSINESS AND AGRICULTURE
- BANK
- SAVINGS
- SEP IRA
Provide for the future with a SEP IRA.
Invest in your employees for the years ahead with tax-deductible contributions to a simplified employee pension (SEP) individual retirement account. The SEP IRA Contribution limit for 2024 is 25% of an employees total compensation up to $69,000, so they offer clear advantages, especially for anyone nearing retirement.
Note: Because they require small business owners to contribute an equal percentage of compensation across the board, SEP IRAs tend to work best for smaller companies or those with no employees at all.
- Competitive interest rates, no minimum deposit to open
- Easy to set up once employee establishes Traditional IRA
- Employer-only contributions allowed
- Tax-deferred contributions, distributions taxed as income
- Please consult your tax advisor for guidance
COMPETITIVE RATES & TAX BENEFITS
Contributions grow tax-deferred
EASY TO OPEN & MANAGE
Simple to fund once employee establishes Traditional IRA
HIGHER CONTRIBUTION LIMITS
Up to 25% of annual compensation or current plan year limit
IDEAL SMALL BUSINESS IRA
Employer-only contributions with equal percentages for all employees
