Bank of Botetourt
has a great selection for retirement savings. You can open an Individual Retirement
Account with only $100. Your IRA can help make your retirement years comfortable.
Watch your retirement savings grow since you do not pay taxes until distribution.
You can choose
a maturity term from 1, 2, 3, 4 or 5 years for a guaranteed interest rate. Visit
any of our offices to open your account.
If you have received a disbursement from a qualified plan,
profit sharing, or have an IRA maturing at another financial institution, you
can roll these funds into a Bank of Botetourt IRA and maintain a tax deferred
status on the funds. The funds must be deposited within 60 days of receipt in
order to defer taxes until retirement.
If you desire to transfer your IRA from another institution directly to Bank
of Botetourt, simply contact any consumer banker to initiate the transfer.
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