Bank of American Fork's individual retirement arrangements (IRAs) are held in CDs, not in the stock market, so you're guaranteed a steady return and are covered by FDIC insurance. Unlike some banks, we don't charge you holding fees or an annual fee.
Depending on the type of IRA you choose, income can be earned tax free or tax deferred. After retirement, you can receive distributions from the money in your IRA account.
Here are the types of IRAs we offer:
Bank of American Fork's variable-rate IRAs require only $10 to open, while the Bank's fixed-rate IRAs can be opened with a $500-$5,000 minimum opening deposit. Don't wait any longer to start your retirement savings. Open an IRA today.