Please select the location closest to you & we'll personalize your experience!
Northeast Iowa
Central Iowa
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Please select the location closest to you & we'll personalize your experience!
Northeast Iowa
Luana, IA
Ossian, IA
New Hampton, IA
Central Iowa
Polk City, IA
Clive, IA
(You may continue to see this message if Internet Browser Cookies are not persistently enabled)
IRA's and HSA's
Saving for retirement is necessary, yet often times confusing. Make the best of your family's future by investing long-term through Luana Savings Bank!
Luana Savings Bank offers:- Traditional Individual Retirement Accounts (IRA's)
- Roth IRA's
- SEP (Simplified Employee Pension) IRA's
- Health Savings Accounts (HSA's)
IRA and HSA Quick Comparison
(You can have a Health Savings Account in addition to an IRA)| Income Tax | Grows Tax-Free | Contributions | |
| Traditional IRA* | Income taxed at withdrawal (except for post-tax contributions) | Must have earned income to contribute | |
| SEP IRA* | Income taxed at withdrawal (except for post-tax contributions) | Must have earned income to contribute | |
| Roth IRA* | Income taxed at contribution |  |
Must have earned income (within limits) to contribute |
| HSA** | Income taxed at withdrawal unless used for Medical Expenses | |
Must have high deductible insurance policy |
*Please contact your Tax Consultant for more information on IRA's.
**Please contact your Insurance Provider for more information on HSA's.
Interest Rates
as of January 15, 2019| Traditional, Roth, & SEP IRA's | ||
| Term/Type | Interest Rate | APY |
| 18 Month Variable | 2.250% | 2.270% |
| 18 Month Fixed | 2.450% | 2.470% |
| 30 Month Fixed | 2.550% | 2.570% |
| 42 Month Fixed | 2.650% | 2.670% |
| Health Savings Account - $50 Minimum | ||
| Deposit Amount | Interest Rate | APY |
| $0 to $1,000 | 0.050% | 0.050% |
| $1,001 to $2,500 | 0.100% | 0.100% |
| $2,501 to $5,000 | 0.150% | 0.150% |
| $5,001 and above | 0.200% | 0.200% |
*You must maintain the minimum daily balance to obtain the disclosed APY (Annual Percentage Yield). Luana Savings Bank reserves the right to change interest rates and terms without notice. You may incur a penalty for early withdrawal and fees may reduce earnings.
"Local People, Local Decisions, Local Investments"
"Local People, Local Decisions, Local Investments"
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