Grow Important Savings Faster By Postponing Or Reducing Taxes
Individual Retirement Accounts (IRAs)*
Pay less income tax now or later; the choice is yours.
When you contribute regularly to an IRA, tax-deferred compounding of interest helps your money grow faster for a more secure retirement. IRA contributions can be invested in your fixed-rate or variable-rate CDs.
Traditional IRA contributions are tax-deductible right away under certain circumstances, with taxes deferred until withdrawal.
Roth IRA contributions are not tax-deductible, but qualifying withdrawals are tax-free. You must meet income rules to open a Roth IRA.
When you leave your job, you can take charge of retirement savings in your employer plan by transferring them into a Rollover IRA with us. Qualifying rollover amounts continue to be tax-deferred until withdrawal.
Synovus Bank
info@synovusbankfl.com
(888) 317-0085
Consult your tax professional regarding matters of tax deductibility and deferral.
*All checking and savings accounts are subject to credit approval.
