Individual Retirement Accounts


  • Minimum opening deposit only $100
  • Choose between Traditional IRAs, Roth IRAs, as well as a Coverdell Education Savings Account
  • Contribute to account at any time*
  • Traditional IRA and Roth IRA contribution limits: 
    • Taxable Year 2017 is $5,500
    • Taxable Year 2018 is $5,500
    • Taxable Year 2019 is $6,000
    • Individuals who are age 50 or over at the end of the calendar year can make a catch up contribution up to $1,000.
  • Earn a higher interest rate over CD interest rates
  • Contributions may be tax deductible**
  • Adjust your rate annually if over 59 ½ years old
  • Set up automatic transfers to or from a Gate City Bank Checking or Savings account
  • IRAs are separately insured by the FDIC up to $250,000

2018 IRA contributions can be made until April 15, 2019

2019 IRA contributions can be made until April 15, 2020

What Our Customers Say

Great rates, terms and very easy process! Applied online and I was contacted very quickly - 15 minutes at branch and we were done. Thank you!


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*Annual contribution limits apply.
**Ask your tax consultant about possible benefits and tax advantages.