INDIVIDUAL RETIREMENT ACCOUNTS


An IRA is designed to help you save for retirement while allowing you to reap tax advantages.

Patriots Bank offers two different products to deposit your IRA.
  • Certificate of Deposit
  • IRA Savings Accounts

Types of IRAs

Roth IRA

A Roth IRA provides the opportunity for your earnings to grow tax fee. Generally, Roth IRAs offer greater tax savings and withdrawal flexibility than Traditional IRAs.

Traditional IRA

A Traditional IRA offers the potential for tax-deductible contributions and the opportunity for your earnings to grow tax-deferred until they are withdrawn in retirement.


Would like to start an IRA or need help transferring your IRA? Stop by any of our convenient locations for us to help you with your IRA needs.

For more information please contact one of our convenient locations

Rate Information - Your interest rate and annual percentage yield may change.Frequency of rate changes - We may change the interest rate on your account at any time.Determination of rate - At our discretion, we may change the interest rate on your account.Compounding and crediting frequency - Interest will be compounded every month. Interest will be credited to your account every month.Effect of closing an account - If you close your account before interest is credited, you will not receive the accrued interest.Average daily balance computation method - We use the average daily balance method to calculate the interest on your account. This method applies a periodic rate to the average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the period and dividing that figure by the number of days in the period. The period we use is the monthly statement cycle.Accrual of interest on noncash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of noncash items (for example, checks).