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ISB Retirement & Special
Savings Accounts (click below)

Individual Retirement Accounts (IRAs)

Traditional / ROTH

Education Savings Accounts (ESAs)

Health Savings Accounts (HSAs)

Traditional / ROTH

Availability:

Any person with earned income over the age of 18.

Minimum Investment:

Varies depending on term of Certificate of Deposit chosen by customer. Ranges from $100.00 to $500.00

Maximum Investment:

Any working individual under the age of 50 is eligible to contribute $5,500.00 annually, if their Modified Adjusted Gross Income (MAGI) meets the regulated requirements. Any working individual age 50 or older is eligible to contribute $6,500.00 annually, if their Modified Adjusted Gross Income (MAGI) meets the regulated requirements. No limit on amounts transferred or rolled-over from existing IRA's or Qualified Retirement Plans. Contribution limits aggregated between Roth & Traditional IRAs.

Rates:

See Product Rates

Liquidity:

Funds can be withdrawn by individuals 59 1/2 years or older at any time without penalty. Individuals under 59 1/2 years can withdraw without government penalty if all the funds are reinvested in another IRA within 60 days. If the funds are not re-invested, the government imposes a 10% penalty. The bank imposes a penalty for early withdrawal from a certificate prior to maturity. IRS offers some exceptions for early withdrawal.

Insurance:

All funds are insured up to $250,000 per individual by FDIC.

Uses:

An IRA gives working individuals a simple way to save for retirement with easy access.

Benefits:

  • Regular/spousal tax-year contributions are always tax-free and penalty-free when distributed.
  • Conversion Contributions are tax-free and penalty-free if the distribution is a "qualified distribution".
  • Interest earned on a Roth IRA is tax-free and penalty-free if the distribution is a "qualified distribution".
  • Supplements Social Security income after retirement.
  • Access to funds at any time. (Individual situations would determine if penalties would be appropriate to distributions).

Log On to ISB Banking

(remember: your Access ID is case sensitive)
or click here to Set-Up a New Account

ISB 24/7 Banking allows you to:
  • Verify account balances, ATM transactions
     & cleared checks
  • Obtain interest rate info
  • Transfer funds between accounts
     ... and more.
LOG ON or
DIAL IN at 1-800-991-4259

Learn more about ISB 24/7:
Internet Banking | Mobile Banking | Telephone Banking


Altoona Office    Map It
1201 8th Avenue
Altoona, PA 16602
Phone: (814) 944-0843
Fax: (814) 942-6821
Email:

Lobby Hours
MON-FRI: 9am - 4:30pm

Drive Up Hours
MON-THU: 8:30am - 5pm
FRI: 8:30am - 6pm
SAT: 9am - 12pm

Bank Holiday Schedule


Duncansville Office    Map It
201 Patchway Road
Duncansville, PA 16635
Phone: (814) 695-7551
Fax: (814) 695-1369
Email:

Lobby Hours
MON-FRI: 9am - 5pm

Drive Up Hours
MON-THU: 9am - 5pm
FRI: 9am - 6pm
SAT: 9am - 12pm

Bank Holiday Schedule



After Hours
To report a lost or stolen debit card
after business hours, please call
1-800-554-8969.

To report a lost or stolen credit card
after business hours, please call
1-800-883-0131.

For credit card balance inquiries
after business hours, please call
1-800-883-0131.



Member FDIC ISB is an Equal Housing Lender Equal Housing Lender