Retirement/Educational Accounts

Individual Retirement Account (IRA)

Colony Bank IRAs provide one of the safest ways to save for retirement, since they are FDIC insured and offer steady returns.

  • IRAs also provide tax advantages for your long-term retirement savings.
  • Start contributing now and let your money grow for your benefit.
  • Colony Individual Retirement Term Account is a fixed market rate IRA
  • $500 minimum opening deposit
  • Variety of terms available
  • Interest compounds monthly
  • Interest can be paid monthly, quarterly, semi-annually, annually
  • Includes Traditional, Roth and Coverdell Education Savings Accounts (ESA), Savings Incentive Match Plans for Employees (SIMPLE), and Simplified Employee Pension (SEP)
  • Penalty for early withdrawal, except withdrawals made in accordance with IRS distribution