An Individual Retirement Account allows you to save for retirement. Lyon County State Bank offers two types of IRAs—Traditional and Roth.

Traditional IRA Features

  • Allows you to contribute before-tax dollars
  • Contributions may be tax deductible
  • Earnings grow tax-deferred until withdrawn
  • IRS penalties may be assessed on withdrawals prior to age 59½
  • Minimum distributions are required at age 70½
  • Fixed and variable rate options available

Roth IRA Features

  • Allows you to contribute after-tax dollars
  • Contributions are not tax deductible
  • Earnings grow tax-deferred
  • Earnings may be withdrawn tax-free if the Roth IRA is at least 5 years old and you’re at least 59½
  • No minimum required distributions
  • Fixed and variable rate options available

Our Fixed Rate IRA Certificates are available in the following terms:

  • 6 Month Certificate
  • 12 Month Certificate
  • 18 Month Certificate
  • 24 Month Certificate
  • 30 Month Certificate
  • 36 Month Certificate
  • 48 Month Certificate
  • 60 Month Certificate

Our Easy Start IRA Certificate is available in the following term:

  • 36 Month Certificate

Our Pick Rate IRA Certificate is available in the following term:

  • 36 Month Pick Rate Certificate

Our Variable Rate IRA Certificate is available in the following term:

  • 18 Month Variable Rate Certificate

Account Details

Minimum Amount to Open
  • $500 for all IRAs except Easy Start IRA
  • $25 for Easy Start IRA
Minimum Balance to Earn Interest $0