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IRAs

Need help setting up IRAs for your business? Talk to New Tripoli Bank!

Simplified Employee Pensions (SEPs)
  • An excellent way to help your employees get a head start on retirement savings
  • Contributions are made solely by the employer for eligible employees
  • Contributions may be tax-deductible based on the employee's maximum adjusted gross income
  • Pays an attractive rate of interest which may vary over the 18-month term
  • Minimum deposit of $250.00
  • Subsequent deposits can be made in any amount
  • Automatically renews at maturity
  • Interest compounded on a daily basis and credited to your account monthly
  • Quarterly account statements