The "Simplified Employee Pension" Plan IRA is a retirement plan developed by an employer for the benefit of the company’s employees including owners.

  • Attractive to self-employed people and small business owners
  • Maximum contribution limits are significantly higher than a regular IRA
  • Contributions are tax deductible to the employer
  • $25 minimum to open a variable savings IRA
  • $500 minimum to open a fixed rate IRA

More Options for Business Savings & CDs: