Individual Retirement Account

It’s never too late to start saving for retirement.

  • Available to any depositor with earned income.
  • Opening deposit as low as $100
  • No setup fees
  • Additional deposits allowed in any amount up to maximum allowed by law.
  • Variable rate IRA
  • Interest is added back to your IRA(Interest accumulates tax-deferred until withdrawal)
  • Account automatically renewed at each maturity- no action required by you
  • Begin withdrawing as early as age 59 ½ or defer withdrawal until age 72

*Interest rates are variable. The Bank may, at its discretion, change the interest rate on the account

Guaranty Bank offers 2 Types of IRA’s.


A traditional IRA is a special tax deferred savings plan authorized by the Federal Government to encourage you to accumulate money for retirement.


A Roth IRA is an Individual retirement account to which participants are able to make annual non-deductible contributions. Unlike a traditional IRA in which your earnings are tax-deferred, Roth IRA earnings can be tax free.

Click here for our Retirement Tools.