IRA Savings Accounts


At American National Bank, we know that saving for retirement is about more than building a nest egg; it’s about creating the post-work life you’ve been dreaming of. Roth and Traditional IRAs not only help you save for retirement; they also offer tax advantages now or in the future. Learn more!


Traditional vs. Roth IRA

Contributions to a traditional IRA may be tax-deductible, helping you save on taxes now. Contributions to a Roth IRA are made from post-tax income, but you’ll enjoy tax-free distributions in retirement. Both types of IRAs have the same annual contribution limit–the IRS sets that amount every year.


Open a retirement savings account today!

It’s never too early–or too late–to open a retirement savings account. The sooner you get started, the easier it will be to reach your ultimate goal for retirement savings. Have questions about contribution limits or anything else IRA-related? Get in touch with us, visit one of our convenient locations, or call us at 1-800-240.8190 to get started. Need help finding the best savings accounts for you? Contact us today or visit your nearest American National Bank location in the Piedmont Triad region of Virginia and North Carolina. We are proud to be your community’s hometown bank!