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Individual Retirement Accounts (IRAs)

 

Your Retirement.
Your Legacy.
Your Terms.

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Not sure which IRA is right for you?
We’re here to help. 

Retirement isn’t just about stepping away from work – it’s about stepping into the life you’ve been planning for. Whether that means traveling, spending more time with family, or simply enjoying the peace of financial security, a Heritage Bank Individual Retirement Account (IRA) helps you save with confidence.

With tax advantages and competitive interest rates, an IRA makes your hard-earned money work for you – so when the time comes, you’re ready to enjoy the future you deserve.  

  • Save for retirement with tax advantages*
  • Earn competitive interest higher than regular savings
  • Available in Traditional and Roth  
  • Annual contribution limits apply
  • 2025 $1,000 annual "catch up" contributions allowed for ages 50 and better  
  • No annual fees or setup fees  
  • No minimum balance requirements  
  • Federally insured  
  • $1,000 minimum deposit to open 
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Traditional vs. Roth IRA: What's Best for You?

IRAs aren’t one-size-fits-all. That’s why we offer both Traditional and Roth options – each designed to fit your financial strategy and retirement goals depending on how you want to save and when you want to access your money.

Traditional IRA:

Pay Taxes Later, Save More Now

  • No income limits to open
  • Contributions may be tax-deductible*
  • Earnings grow tax-deferred – you don’t pay taxes until withdrawal
  • Withdrawals can begin at age 59½
  • Required minimum distributions begin at age 70½
  • Early withdrawals may be subject to a penalty*

  • Anyone with earned income can open and contribute

Roth IRA: 

Pay Taxes Now, Withdraw Tax-Free Later

  • Tax-free growth – you won’t pay taxes on qualified withdrawals*
  • Contributions are not tax-deductible
  • Withdraw contributions at any time, penalty-free*
  • Withdraw earnings tax-free in retirement* if eligibility is met
  • No required minimum distributions – your money stays invested as long as you like
  • No age limit on making contributions, as long as you have earned income 
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Neighbor-Approved

For over 20 years, our Neighbors have trusted their Neighbors at Heritage Bank. You can, too.
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Financial Empowerment

We take your local dollars and invest them locally with all local decisions. We listen and help instill financial confidence in our Neighbors.
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Community Focus

We are more than a local bank; we see our customers as Neighbors. Community involvement isn’t just something we do; it’s who we are.

Everything you need in a bank plus we are Neighbors Serving Neighbors.

*Consult your tax advisor. Certain exceptions apply, such as healthcare and purchasing a first home.

 

Confidently Save with a Premium Money Market

Visit your local Heritage Bank of the Ozarks branch to open one today. 
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