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Individual Retirement Accounts

Do you dream of traveling or spending time with family when you retire from work? With an MVB IRA you will be able to create the retirement you've worked so hard for!


  • Tax-advantaged retirement savings*
  • Competitive interest above standard savings rates
  • Traditional and Roth IRA options
  • No setup fees
  • No monthly or annual maintenance fees
  • $500 minimum deposit to open

Traditional vs. Roth

There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while the Roth IRA offers an opportunity for the most tax benefit at time of retirement.
  • No income limits to open*
  • No minimum contribution in any year allowing flexibility
  • Contributions are tax deductible on state and federal income tax**
  • Earnings are tax deferred until withdrawal
  • Withdrawals can begin at age 59 1/2
  • Early withdrawals subject to penalty***
  • Mandatory withdrawals at age 70 1/2
  • No minimum amount to set up
  • Income limits to be eligible to open Roth IRA*
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal**
  • Principal contributions can be withdrawn without penalty**
  • Withdrawals on interest can begin at age 59 1/2
  • Early withdrawals on interest subject to penalty***
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income
Take control of your finances and pay yourself first! Visit us and start preparing today for what could happen tomorrow.

*Consult a tax advisor
**Subject to minimal conditions. Consult a tax advisor
***Certain exceptions apply, such as healthcare, purchasing first home, etc

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