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Individual Retirement Accounts

An Individual Retirement Account (IRA) is a great way to boost your savings for a secure retirement. We can help you reach your retirement goals by offering traditional or Roth IRA's. You can open an Individual Retirement Account with as little as $100.

Learn about our Individual Retirement Account options below. If you don't see what you're looking for on this list, or if you have additional questions, just give us a call at 815.938.3121 or 815.235.2711 or stop by one of our convenient locations. 

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IRA Rollover

If you have received a disbursement from a qualified plan, profit sharing, or have an IRA maturing at another financial institution, you can roll these funds into a Forreston State Bank IRA and maintain a tax-deferred status on the funds. The funds must be deposited within 60 days of receipt in order to defer taxes until retirement.

IRA Transfer

You can transfer your IRA from another institution directly to Forreston State Bank. Our employees will be happy to initiate an IRA transfer for you.

Opening an IRA Account

Just give us a call at 815.938.3121 or 815.235.2711 or stop by one of our convenient locations. Our employees will be happy to assist you in determining which IRA is right for you and open the account.

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