If you are looking for a tax deferred retirement plan, to defer tax on a lump sum distribution from a retirement plan or to transfer funds from an existing IRA, you will want to look into Select’s Traditional IRA. Earnings on all your contributions accumulate tax deferred until distributed when you may be in a lower tax bracket.

If you are seeking a retirement plan that allows you to make after-tax contributions and then withdraw the principal and earnings tax free at retirement, you may want to consider the Roth IRA.

All of Select Bank’s certificates of deposit are available as IRA investment vehicles.
We also offer attractive rates on an 18 Month Floating Rate CD and our Money Market IRA.

Note: Please ask your tax advisor how the tax laws may affect you.