Individual Retirement Accounts
A secure retirement plan that has served millions of Americans.
IRA account opening is not available online. Please visit one of our NewDominion Bank® Customer Centers.
No matter how much you love your job, someday you're going to want to start relaxing and enjoying those golden years. Start planning today so that when it's time, you can retire in style. NewDominion Bank offers several different types of IRAs to suit your particular situation.
- Traditional IRA
- Save for retirement now
- Interest compounded daily, paid monthly
- Convenient automatic renewal
- Contributions are tax deductible*
- Tax-deferred earnings
- FDIC insured
- $500 deposit to open
*Tax-deductible contributions are subject to federal laws regulating IRAs. Consult your tax advisor for comprehensive advice.
- Roth IRA
Your Roth IRA contributions are not tax deductible like they are with a Traditional IRA, but withdrawals are tax-free within certain limitations; and after age 59½, you can make qualified tax-free withdrawals.
- Save for retirement now
- Interest compounded daily, paid monthly
- Tax-free savings*
- No distribution minimums for investors aged 70½ and older
- FDIC insured
- $500 deposit to open
*Subject to federal laws regulating IRAs. Consult your tax advisor for more information.
View our Rates
When it comes to great accounts with high returns, we're in a league of our own.
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