Work Toward Your Retirement!
Retirement is meant to be a relaxing time where you can do things you’ve always wanted and live how you’ve always dreamed. The right retirement account goes a long way in helping you achieve your desired lifestyle.
Oak View National Bank's retirement account options help you save for the lifestyle you want in retirement. Additionally, our options guarantee the security of your wealth as it grows for your future endeavors.
IRAs- Traditional and Roth
Traditional IRAs and Roth IRAs are two of the most popular retirement accounts available. The main difference is when you pay taxes on your contributions and withdrawals. For Traditional IRAs, your contributions are not taxed, while distributions are. Roth IRAs are the opposite, with contributions being taxed and withdrawals not taxed.
Oak View’s retirement accounts offer a number of benefits and features:
- Competitive interest rates
- Flexible fixed rate terms from 7 days to 60 months
- Option of a variable tiered rate system
- No annual fees
- Free access to your account through Telephone Banking
- FDIC protection
SEP Individual Retirement Accounts
SEP IRAs are designed for self-employed individuals or small business owners to provide retirement savings benefits for themselves and the small number of employees they have.
Oak View’s SEP IRAs are managed through depositing contributions in CD accounts with competitive interest rates from 7 days to 60 months. There is also a variable tiered rate option. Our SEP IRAs have no annual fees, receive FDIC insurance and can be accessed through Telephone Banking.
Call or stop by any Oak View office in Warrenton, Marshall or Culpeper to learn more about our retirement account options or get started today!