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Green Bank IRA, Traditional IRA, Roth IRA, Retirement Accounts

IRAs

What’s the outlook for your golden years? Whether you want to build a comfortable nest egg or fund something more immediate, our IRAs make it easy to build your savings. You have until April 15, 2017 to make tax-deductible IRA contributions worth up to $5,500, or $6,500 for those age 50 and older, that count toward tax-year 2016. If you contribute to a traditional IRA between January 1 and April 15, you can elect to have the contribution applied to tax-year 2016 or tax-year 2017. An IRA deduction can be claimed on your 2016 tax return before the contribution is actually made as long as the money is in the account by April 15, 2017.

For further information, visit the IRS website.

 

 

Roth IRA

The Roth IRA can help first-time home buyers save for a down payment. Contributions to a Roth IRA are not tax deductible, but withdrawals are generally tax free, if:

  • You don't begin withdrawals until at least five years after you establish the IRA, and 
  • You are at least age 59½, or use the funds for a first-time home purchase. (Withdrawals for this purpose are limited to a lifetime cap of $10,000). 
  • Withdrawals made prior to age 59½ may be subject to a 10% IRS early withdrawal penalty in addition to ordinary income taxes. The IRS 10% penalty does not apply if the equal periodic payments are taken over life expectancy, for at least five years, or upon attainment of age 59½, whichever is later, if the withdrawal is used for a first-time home purchase (lifetime of $10,000 per individual), qualified higher education expenses, certain medical expenses and certain other uses, or in the event of disability or death.

Traditional/Rollover IRA

These IRA contributions are generally tax deductible, creating an opportunity for you to save for your future. You also benefit today by saving on taxes that you might otherwise pay. Plus, your earnings grow tax deferred.

  • The individual must be under the age of 70½
  • The individual must have earned compensation

Your Deposits Stimulate Texas Business

 

We’ve been busy and have achieved steady and smart expansion. A growing number of Texans have chosen Green Bank and have been delighted with our service and efficiency. As a result, we have fostered growth through more loans and lines of credit. To continue our successes, we need to increase our deposit base. 

Check out our market-leading rates

 

Sign up for Remote Deposit Anywhere

Safe, fast and hassle-free.
Green Bank Remote Deposit Anywhere allows you to take a picture of the front and back of your check and submit it securely to your account, saving you time and a trip to the bank.

Click here to learn more

Sign up for Online Banking

Keep on top of account balances by using our no-cost online banking system or by calling our 24 hour telephone banking system.   Transfers between accounts can be completed (at no charge) by using one of these services as well.

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Protect Yourself from Debit Card Fraud

Green Bank Guardian Alert
sends a text message when your debit card is used in a type of transaction that is most common in fraud cases:

  • International
  • Out of state
  • Fuel
  • >= $100
  • 5 or more in a rolling 24 hour period
  • Card not present—Internet & phone transactions.