Individual Retirement Accounts (IRA)
Horizon Bank Individual Retirement Account (IRA) Savings is an easy and safe investment option. For the best options and to start your retirement savings talk to an advisor today.
Minimal investment risk & FDIC-insured1
No minimum balance to open; automatic transfers from your Horizon checking or your Horizon savings account2
Monthly, weekly, or even bi-weekly; minimum $53
Make periodic deposits to supplement your retirement savings outside your employer-sponsored plan3
1Deposits or withdrawals may be made into the account at any time
2For accounts opened with less than $500.00, a periodic transfer from a Horizon Checking or savings account is required. For accounts opened with more than $500.00 may choose a periodic transfer from a Horizon checking or savings account.
3Based upon eligibility. See your IRA Plan disclosure or consult your tax advisor.
An IRA penalty of 10% may be assessed if an individual withdraws any funds prior to the age 59-1/2. See your IRA Plan disclosure or consult your tax advisor.