Individual Retirement Accounts (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. Maturity Terms are various options ranging from 30 days to 30 months.

For requirements, current maximum contribution limits and other Traditional IRA information, please click here.

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 click here.


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. Maturity Terms are various options ranging from 30 days to 30 months

For requirements, current maximum contribution limits and other SEP IRA information, please click here.

Rollovers and Transfers

ANB 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.

Securities offered through Raymond James Financial Services, Inc., Member FINRA/SIPC, an independent broker/dealer, and are:

  • Not deposits
  • Not insured by FDIC or any other government agency
  • Not guaranteed by the financial institution
  • Subject to risk, may lose value
  • Unless otherwise indicated, investment products offered through Amalgamated International Bank are subject to risks.
  • IRA's are insured by FDIC, if invested in the form of a CD in an FDIC member bank.

Amalgamated International Bank and Raymond James Financial Services are independent entities.

Raymond James financial advisor may only conduct business with residents of the states and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability.

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