Are BSNB IRA deposits FDIC-insured?

Yes, IRA CDs and IRA savings accounts are FDIC insured. No, Managed IRA investment assets are not FDIC insured.

Can I roll over my 401(k) into a BSNB IRA?

Yes. If you’ve left a job or are retiring, you can roll over your 401(k) or other employer-sponsored retirement plan into a BSNB IRA. A Financial Advisor can walk you through the process and help you avoid common rollover mistakes. Call 518-885-6781 to get started.

Build Your Future on Your Terms

Whether you’re just getting started or looking to maximize your long-term savings, an Individual Retirement Account can help you grow your money with flexibility and potential tax benefits.

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Individual Retirement Account Options

Traditional IRA

This IRA is best for individuals who expect to be in a lower tax bracket in retirement.

Roth IRA

This IRA is best for those who expect to be in a higher tax bracket later or want tax-free income in retirement.

SEP IRA

This IRA is best for self-employed individuals and small businesses who want to make contributions.

SIMPLE IRA

This IRA is best for small businesses that want an easy-to-manage retirement plan with employee contributions and a required employer match.

Why choose an ira

Put Tax Advantages on Your Side

With consistent contributions and time, your IRA can benefit from compounding growth, helping your savings build momentum year after year.

Tax advantages that can help your savings grow faster.
Flexible contribution options based on your income and goals.
Wide range of investment choices.
Control over your retirement strategy.
Potential for long-term wealth building.

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We Are Here to Help.

Have a question about IRAs, loans, digital banking, or the right next step?
Our team is ready to help you get where you need to go.

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Frequently Asked Questions

A Traditional IRA and a Roth IRA both help you save for retirement with tax advantages, but they work differently. We recommend speaking with s BSNB advisor or your tax advisor to determine what type of IRA is best for you. Call 518-885-6781 or visit any Ballston Spa National Bank branch location to get started.

A Traditional IRA and a Roth IRA both help you save for retirement with tax advantages, but they work differently. We recommend speaking with your tax advisor to determine what type of IRA is best for you. Call 518-885-6781 or visit any Ballston Spa National Bank branch location to get started.

Yes, IRA CDs and IRA savings accounts are FDIC insured.
No, Managed IRA investment assets are not FDIC insured.

To understand what IRA distribution rules apply to you, we recommend visiting the retirement plans page of the IRS website: https://www.irs.gov/retirement-plans.

Money Market & CDs

BSNB money market accounts and certificates of deposit offer higher returns without sacrificing security. If you have funds you won’t need immediately, put them to work.