Quoin Financial Bank

Individual Retirement Account - An Individual Retirement Account (IRA) is a savings plan to provide retirement income. You are eligible to open this account even if you are now participating in a pension or profit-sharing plan. You may be able to deduct the full amount of your taxable income each year, and the interest you earn is not taxable until withdrawal; however, there may be restrictions on your deduction limits (consult your accountant). Quoin Financial Bank offers a variety of IRAs.

With an IRA Certificate of Deposit, you can select a maturity date from 30 days through five years. A minimum deposit of $500 is required.

An IRA Savings Account requires no minimum deposit. If you wish to make smaller periodic contributions or if you want a variable rate investment, this account may be best for you.

Quoin Financial Bank offers both the Roth IRA and the Education IRA.

With a Roth IRA your contributions are made with after-tax dollars, and the income you earn is tax free!

An Education IRA allows individuals to set aside contributions for a child’s education with after-tax dollars. You secure a child’s educational future with guaranteed interest rates, and, if used to pay higher-education expenses, the earnings will not be taxed.

Contact a personal banker for current rates and special promotions.

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