IRA Savings

Just getting started on retirement savings? Or looking for a flexible option to rollover or transfer your current IRA? Find A Branch
Traditional or Roth IRA Savings
At a Glance

A Desert Schools Individual Retirement Account (IRA) Savings is the perfect choice if you are looking to make periodic contributions through a direct deposit or over-the-counter deposits.2 Whether you’re interested in a Traditional or Roth IRA,4 our IRA Savings is easy to open and does not require a minimum opening deposit or long-term investment. We offer the flexibility you need with a competitive variable rate and possible tax benefits.1

Key Features

  • No monthly or annual fees
  • No minimum deposit
  • No minimum balance
  • No early withdrawal penalty from Desert Schools3
  • Free Online Banking, eStatements and Phone Banking

Footnote disclosures:
1Consult your tax advisor regarding your individual tax situation.
2Maximum annual contribution limits may apply to deposits made to retirement accounts. Consult a tax advisor for your maximum contribution limit.
3The Internal Revenue Service may impose a penalty for early withdrawals. Contact a tax advisor to determine if a penalty applies before making a withdrawal from an IRA.
4Traditional IRA and Roth IRA have separate qualification criteria and tax implications. Consult a tax advisor to determine which IRA is right for your situation.

Desert Schools IRA Savings is a variable rate account. Dividend Rate and Annual Percentage Yield may change after the account is opened.