Individual Retirement Account (IRA) Rates
Traditional, Roth, & SEP IRA's
$2,000 minimum to open account
| Term/Type | Interest Rate | APY* |
|---|---|---|
| 18 Month Variable | 3.25% | 3.29% |
| 18 Month Fixed | 3.90% | 3.94% |
| 30 Month Fixed | 3.85% | 3.89% |
| 42 Month Fixed | 3.80% | 3.84% |
*APY (Annual Percentage Yield). $2,000 minimum deposit to open account. 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. Roth and Traditional IRAs have a maximum contribution amount of $7,500 annually for 2026. If you are 50 or older, you can make an additional $1,100 “catch-up” contribution annually. Contributions to a SEP-IRA each year cannot exceed the lesser of: 25% of compensation, or $72,000 for 2026 ($70,000 for 2025; $69,000 for 2024; $66,000 for 2023; $61,000 for 2022; $58,000 for 2021; $57,000 for 2020 and subject to annual cost-of-living adjustments for later years.) Must be a resident of Iowa. Consult your tax advisor to know what IRA is going to be best for you, the amount you are able to contribute, and for IRS early withdrawal penalties.
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