Online Banking

IRAs

Traditional IRAs (Not employer-sponsored)

The most basic IRA can be used as a tax-deferred retirement plan, or customers can use it to roll over funds from another qualified plan. Contributions to Traditional IRAs may be tax-deductible, and no taxes are assessed on gains or earnings until the funds are taken out of the IRA.

For requirements, current maximum contribution limits and other Traditional IRA information, please call Southwest Capital Bank toll free at (800) 748-2406.

Roth IRAs (Not employer-sponsored)

Contributions made to Roth IRAs are not tax-deductible; however, earnings accumulate tax-free. Distributions may also be tax-free if the customer satisfies some specific requirements. Maturity Terms are for one year.

For requirements, current maximum contribution limits and other Roth IRA information, please call Southwest Capital Bank toll free at (800) 748-2406.

SEP IRAs

A SEP (Simplified Employee Pension) IRA is a Traditional IRA set up under a written arrangement that allows employers to contribute to the IRA on the employee’s behalf (employer contributions may be discretionary). Generally, SEP IRAs have the same rules and requirements as Traditional IRAs.

For requirements, current maximum contribution limits and other SEP IRA information, please call Southwest Capital Bank toll free at (800) 748-2406.

Rollovers and Transfers

Southwest Capital Bank can help individuals set up a Roth or Traditional IRA to keep retirement savings on track during life transitions — and make the entire process seamless.

IRA’s are insured by FDIC, if invested in the form of a CD.