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IRAs & SEPs

For our customers who are thinking ahead to retirement, we have four ways to help you enjoy tax deferred interest income.

Individual Retirement Accounts

Tax deferred high-yielding interest income is available to anyone with a United Bank IRA. You and your spouse can contribute up to $2,000 each year, with the taxes on any interest earned postponed until the money is withdrawn. What's more, the contribution itself may be tax deductible that year. (Consult your tax advisor for the deductibility of any item.) Plus, an IRA certificate of deposit is FDIC-insured for added protection of your retirement nest egg.

The Roth IRA

The new Individual Retirement Account which allows investors to save for their retirement tax free. See The Roth IRA for important information about this new investment opportunity.

Simplified Employee Pension Plans

If you are self-employed or own a small business, we also offer Simplified Employee Pension Plans. These will allow higher contributions, provide greater tax savings, and are a valuable benefit for your employees. Ask your United Bank customer service representative for more information concerning this service.

IRA Rollover Plans

If you change jobs or financial institutions, we offer IRA rollover services to make sure your IRA remains tax deferred when it is transferred. Contact one of our IRA specialists for more information on this important safeguard.

Self-Directed IRAs

For even greater diversity, we can establish a Self-Directed IRA for you. With a Self-Directed IRA, you can choose from a number of mutual funds, stocks, bonds and other investment vehicles.