Individual Retirement Accounts

If you have a longer investment timeline, such as saving for retirement, a Wells River Savings IRA could be what you need. Did you know that 40% of all U.S. households save for retirement with an IRA?

That’s because Individual Retirement Accounts offer advantages that are hard to pass up.
At Wells River Savings, we offer four types of IRAs:

• Traditional IRAs are retirement accounts in which interest is tax-deferred.
• Roth IRAs are retirement accounts funded with after-tax dollars.
  
• Coverdell IRAs fund higher education with a maximum of $2,000 per child per year.
• SEP IRAs are tax-deferred investment accounts set up by businesses as a retirement benefit for business owners and employees.

Our IRAs offer:

• Annual Statement
• Terms of 3 & 6 months, 1, 2, 3, and 5 years
• No annual maintenance fees
• Additonal deposits as permitted by the IRA plan
• Interest is paid monthly

To find out which IRA will help you meet your retirement or education savings goals, speak to any Wells River Savings customer service representative or call 1-800-371-2361.

Click here for IRA and Other Deposit Account terms and rates