Share buttons

The time is now to start saving for retirement.

Saving for retirement with an IRA offers a number of benefits. We’re here to help you choose the right option based on your current needs and future retirement savings goals.  What’s more, you can choose from Traditional or Roth IRA when opening your account. 

Compare Traditional vs. Roth


  • Wire transfers - domestic or international

    IRA Savings

    Saving money with an IRA savings account allows you to add more to your account at any time.

     

    • No minimum balance required to open
    • Additional deposits as little as $5 can be made at any time
    • Traditional and Roth IRAs available
    • Flexible savings solution with minimal investment risk & FDIC Insurance
    • Competitive interest rates
  • Couple at computer

    CD IRA

    Save with the guaranteed interest of a CD with the tax advantages of a retirement account. 

     

    • Open with as little as $500
    • Multiple term options to meet your timeframe
    • Traditional or Roth IRA options available 
    • Tax-advantaged and FDIC-insured
    • Competitive interest rates and fixed terms

No matter which option you choose, it's easy to get started today.

  • phone icon
    Speak to an advisor.
  • Visit-Us-Icon
    Visit a branch.
  • Chat-Icon

    Chat online with our support team Monday - Friday 8 am to 5 pm CST.  Live chat is available for questions 24/7/365.

Family of four on couch looking at laptop

 

Changing jobs? Rollover your IRA.

If you’ve recently changed jobs or retired and would like to protect the balance in your previous employer’s retirement plan, Horizon Bank's Rollover IRA is for you.

  • Continue to accrue tax-deferred earnings
  • Transfer retirement savings without tax penalties or other hassles
  • Full protection from bankruptcy
  • No limits on the rollover amount
  • Rollovers can be opened at any time

 

IRA FAQS

Sensible Advice

What Are Financial Trusts, and Why Do You Need One?

Woman holding child

A financial trust is a legal entity that holds your assets for your beneficiaries. The grantor creates and funds a trust and names beneficiaries to receive the trust’s assets.  Grantors choose a trustee responsible for managing and distributing assets according to the trust’s terms. You can name yourself, another person, or a bank to be the trustee.

Benefits of Trusts

  • Minimize estate taxes.
  • Shield assets from potential creditors & avoid the expense and delay of probate.
  • Preserve assets for your children until they are grown.
  • Set up a fund for your support in the event of incapacity.

The benefits you and your beneficiaries gain from a financial trust depend on the type of trust you select. You may need more than one type of trust to accomplish all of your goals.

Living (revocable) trusts

You create a living trust while you're alive to own property such as your house, a boat, investments, or other assets. Because the property is not in probate, the trustee will transfer the assets to the beneficiaries according to your instructions. You maintain control and can change or dissolve the trust as long as you live.

Irrevocable trusts

Irrevocable trusts are valuable estate planning tools that can't be changed or dissolved once created. Your estate tax liability may decrease and provide more for your beneficiaries. Property transferred to beneficiaries will avoid probate and may offer creditor protection.

Testamentary trusts

Testamentary trusts don't begin until your will is probated. Then, selected assets passing through your will can "pour over" into the trust. These types of trusts give you limited control over how the assets are used, even after your death.

To learn more about your trust options, call the Horizon Trust team at (219) 873-2683.

Call us Contact us Learn more about Trust Services at Horizon

The web site you have selected is an external site not operated by Horizon Bank. This link is provided for convenience and informational purposes only and Horizon does not endorse and is not responsible for the content links, privacy policy or security policy of this website or app you are about to visit.  Horizon Bank is not responsible for (and does not provide) any products, services or content for this third-party site or app, except for products and services that explicitly carry the Horizon Bank name. Click Proceed to continue or Cancel to go back.