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Retirement/Education Plans Personal

TrustBank offers a variety of retirement and education plans.

A FDIC-insured Individual Retirement Account (IRA) or Coverdell Education Savings Account (CESA) can help your money work harder as you plan for a secure future.

 

Click the links at the bottom to learn more about TrustBank's IRA solutions.  

IRA Maximum Annual Contribution

Regular Contribution Elegibility Requirements
Traditional IRA Roth IRA

Compensation

Younger than age 70 1/2 all year

Compensation

Limited by MAGI


Regular IRA Contributions
Tax Year Standard Combined
IRA Contribution Limit
Catch-Up Amount
(Ages 50+)
Total Combined IRA
2010 $5,000
(or 100% of compensation if smaller)
$1,000 $6,000
(or 100% of compensation if smaller)
Contribution Deadline: Income tax return filing due date, not including extensions

Simplified Employee Pension (SEP) IRA
The maximum annual employer contribution is 25% of compensation or $49,000, whichever is less.

Coverdell Education Savings Account (ESA)
The annual contribution limit is $2,000 per student.

arrow Traditional IRA
arrow Roth IRA
arrow Coverdell Education Savings Account
arrow Self-Directed IRA

Also...

arrow Want to learn more about Rollovers and Transfers? Click here!
arrow Click here for a list of retirement calculators!
arrow View current interest rates



Retirement/Education Plans | Traditional IRA | Roth IRA
Coverdell Education Savings Account | Self-Directed IRAs
Rollovers and Transfers

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Personal | Business | About TrustBank

MEMBER FDIC | Equal Housing Lender FDIC | Member CBAI | Member AzBA | Member ICBA
Legal Terms and Conditions | Fees | Copyright © 2010 TrustBank™. All Rights Reserved.
Privacy Statement | Customer ID Program | TrustBank™ is a Trademark of Rich Land Bancorp, Inc. and is registered in the States of Illinois #084194 and Arizona #50890.

TrustBank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. TrustBank's NOW Accounts are excluded from this program. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under FDIC's general deposit insurance rules.


¹ iChecking - Earn 7.00% APY (Annual Percentage Yield) on balances up to $1,000.00 and 0.20% APY on balances over $1,000.00 when each of the following criteria are met each month: 1 Direct Deposit, 2 Bill Pays or automatic payments, 10 debit card purchases, receive E-Statements, and access Online Banking at least one time.  If any of the criteria are not met, 0.02% APY will be paid on the entire balance. Rates are effective as of July 1, 2009 and are subject to change.