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Individual Retirement Accounts (IRAs)

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Peoples Individual Retirement Account (IRA)

Peoples Bank offers both Traditional and ROTH Individual Retirement Accounts (IRAs) to help you save for your future. These accounts provide smart ways to help you save for retirement and manage your taxable income.

  • Tax-deferred growth

  • Can be converted to a ROTH IRA

  • Required minimum distributions start at age 70 ½

  • Participants in employee-sponsored retirement plans can also make contributions to a Traditional IRA

  • The contribution amount eligible for tax deductions is dependent on your income

  • Federal income tax must be paid on withdrawals once you begin taking distributions

  • Early distributions prior to age 59 ½ may be taken without the IRS 10% penalty if funds are used to buy your first home or pay for qualified education expenses.


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Neither Peoples Bank and its associates nor Raymond James give tax or legal advice. Please consult your tax or legal advisor concerning your specific situation.

  • No minimum distribution

  • Tax-free growth

  • Contributions can be made past age 70½

  • Contribution limits apply

Locate a Financial Advisor

Neither Peoples Bank and its associates nor Raymond James give tax or legal advice. Please consult your tax or legal advisor concerning your specific situation.

  • Accounts are custom-built to fit your needs. Please contact a Peoples Bank associate for specific fees and requirements.


Locate a Financial Advisor

Get Started Today

Select from the options below to open your IRA from Peoples Bank.

Call 1-800-374-6123
to speak with a service representative.
Locate an office  near you to meet and discuss in person.

What You'll Need

When you apply, you'll need to provide us with some information about yourself. For a faster application process, have the following information on hand:

  • Driver's license with state, number, issuance and expiration dates
  • Social Security number or federal ID number
  • Proof of Current Business Address
  • Proof of current address
  • Co-applicant's personal information ( if applicable )

The Peoples Bancorp website links to third-party websites on the Internet. Peoples Bancorp provides links to these web sites only as a convenience. The inclusion of these links are not endorsements by Peoples Bancorp. The linked sites are not under the control of Peoples Bancorp, thus Peoples Bancorp is not responsible for the content of any linked site or any link contained within a linked site. Adobe Acrobat Reader 5.0 or above is required to access all PDF documents. Insured deposit products and services are offered through Peoples Bank,Equal Housing Lender, Member of FDIC.
Peoples Bank (w/ logo)® is a federally registered service mark of Peoples Bank.

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