American National Bank offers Traditional, Roth, SIMPLE, and SEP IRAs.
IRA’s with American National Bank are invested in our certificates of deposit or in our savings accounts. This provides you with a selection of maturity terms from immediate, with the savings account, to 60 months in a certificate, and every term in between. IRA funds are insured by the FDIC to $250,000, and are separate from other FDIC insured deposits, so there is no need to worry about exceeding the insurance limits.
When you reach the magic age (59 1/2), you have the option to begin withdrawing funds from your IRA. Our professional staff will work with you while you select the distribution option that best fits your financial needs.
If you are interested in opening a retirement account with American National Bank, you can contact us or visit one of our offices.