We will be closing at noon on Friday, March 29 in observance of Good Friday. We will be open Saturday, March 30 from 8-11 am for your convenience.
Due to continuous quality and security improvements, certain unsupported devices can no longer connect through Mobile Banking. For your security, please ensure your device is currently supported by the manufacturer and up-to-date. We currently support iOS 16, Android 8, and newer versions. We apologize for any inconvenience this may cause.
Individual Retirement Account (IRA) Rates
Traditional, Roth, & SEP IRA's
$2,000 minimum to open account
Term/Type | Interest Rate | APY* |
---|---|---|
18 Month Variable | 4.25% | 4.32% |
18 Month Fixed | 5.00% | 5.06% |
30 Month Fixed | 4.85% | 4.91% |
42 Month Fixed | 4.15% | 4.19% |
*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. Roth and Traditional IRAs have a maximum contribution amount of $6,500 annually for 2023. If you are 50 or older, you can make an additional $1,000 “catch-up” contribution annually. SEP IRAs have a maximum contribution amount of 25% of your net earnings from self-employment (not including contributions for yourself) up to $61,000 for 2022 or $66,000 for the 2023 tax year. Must be a resident of Iowa. Consult your tax advisor to know what IRA is going to be best for you and the amount you are able to contribute.
Ready to get started?
Open an Account Today
Fill out a simple form and we will be happy to assist you.