Mifflinburg Bank & Trust recognizes the importance of contributing to an Individual Retirement Account early in your career. ROTH, Traditional and Educational IRAs can be established as a Certificate of Deposit or a Savings Account. Which IRA is right for you? Our experienced Customer Service Representatives can help you with IRAs, IRA transfers, Self-directed IRAs and more. When it is time to take distributions, they will also help you calculate your required distribution amount. For complete account details, call 570-966-1041 or 1-888-966-MBTC (6282) or call a Customer Service Representative at any of our office locations. To find our “Featured Rates” click on the “ IRA Rates ” link.

Traditional IRA

For individuals looking to defer taxes on contributions and earnings until they are withdrawn. Certain contributions are tax deductible when made in the same tax year for which you are making the contribution. If you or your spouse participate in an employer-sponsored retirement plan, your ability to deduct your full IRA contribution may be limited by your income.

You may begin taking distributions after the age of 59 1/2. Individuals may benefit with a traditional IRA by saving tax dollars now if they anticipate a lower tax bracket at retirement.

ROTH IRA

Want some tax-free income when you retire? The ROTH IRA may be the right choice for you. Contributions are after tax contributions. Interest earned on contributions is tax free. You may be eligible to contribute to a ROTH IRA as well as an employer-sponsored retirement plan. There are no age limitations on contributions. 

Distributions may be taken without penalty when the individual has held his first ROTH IRA for 5 years and is age 59 1/2. ROTH IRA distributions are not required at any age.

Educational IRA (Coverdell education savings account)

You may contribute up to $2000.00 a year for your child’s education. Contributions are not tax deductible; however, they and their earnings can be withdrawn tax-free as long as they are used to pay eligible schooling costs. Any adult-parents, grandparents, godparents or friends may contribute to a child’s education IRA, but the total contribution amount may not exceed $2000.00 annually.

Certificates of Deposit

  • Earn a higher interest rate
  • Rates tiered to account balances
  • $100 minimum deposit required
  • Terms of 6 months to 60 months are available


For complete details Contact Us Now at any of our office locations, or call toll free 1-888-966-MBTC (6282).