PWSB Hours Alert

We will be open until 3PM on Tuesday, December 31 and closed on Wednesday, January 1 in honor of New Year's Day. If using Online or Mobile Banking, please note that deposits and loan payments we receive will be processed on Thursday, January 2.

Taking Care of Tomorrow

Are you looking for a way to save money for retirement? Why not get an individual retirement account (IRA)?

PWSB offers:

  • Traditional IRAs
  • Roth IRAs

IRA Features

  • Competitive interest rates
  • Interest compounds quarterly
  • FDIC insured 
  • No annual administration fee or service charge (however, an early withdrawal penalty may be imposed for withdrawals before maturity)
  • Automatic renewal option
  • Must have earned income and have not reached age 72 by the end of the year
  • Annual contribution limits apply
  • Required distributions after age 72

Traditional IRA

With a Traditional IRA, you make contributions with money you may be able to deduct on your tax return. Any earnings can potentially grow tax-deferred until you withdraw them in retirement. Consult your tax advisor.

Roth IRA

A Roth IRA is a retirement savings account that allows your money to grow tax-free. You fund a Roth with after-tax dollars, meaning you’ve already paid taxes on the money you put into it. In return for no up-front tax break, your money grows and grows tax-free. When you withdraw at retirement, you pay no taxes. Consult your tax advisor.

Retirement Savings Calculator

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IRA Rates

We pride ourselves on competitive IRA interest rates.

See Our Rates