Saving for retirement is necessary, yet often times confusing. Make the best of your family's future by investing long-term through Luana Savings Bank!Luana Savings Bank offers:
|Income Tax||Grows Tax-Free||Contributions|
|Traditional IRA*||Income taxed at withdrawal (except for post-tax contributions)||Must have earned income to contribute|
|SEP IRA*||Income taxed at withdrawal (except for post-tax contributions)||Must have earned income to contribute|
|Roth IRA*||Income taxed at contribution||Must have earned income (within limits) to contribute|
|HSA**||Income taxed at withdrawal unless used for Medical Expenses||Must have high deductible insurance policy|
*Please contact your Tax Consultant for more information on IRA's.
**Please contact your Insurance Provider for more information on HSA's.
|Traditional, Roth, & SEP IRA's|
|18 Month Variable||1.800%||1.820%|
|18 Month Fixed||2.000%||2.010%|
|30 Month Fixed||2.000%||2.010%|
|42 Month Fixed||2.050%||2.060%|
|Health Savings Account - $50 Minimum|
|Deposit Amount||Interest Rate||APY|
|$0 to $1,000||0.100%||0.100%|
|$1,001 to $2,500||0.150%||0.150%|
|$2,501 to $5,000||0.200%||0.200%|
|$5,001 and above||0.250%||0.250%|
You must maintain the minimum daily balance to obtain the disclosed APY (Annual Percentage Yield). Luana Savings Bank reserves the right to change interest rates and terms without notice. You may incur a penalty for early withdrawal and fees may reduce earnings.