A Metropolitan traditional IRA offers tax benefits to help you reach
your retirement savings goals. All wage earners are eligible for an IRA
and all account earnings are tax deferred until the time of
distribution. Tax deferral gives your money greater compounding
potential. Your IRA contributions may also qualify for tax deferral.
Consult your tax adviser regarding tax deferral on your IRA
The Roth IRA differs from the traditional IRA in that the funds you
contribute grow tax-free. When you retire (or meet other criteria) and
withdraw your funds, you will not pay taxes on the earnings. However,
your contributions to the account are not tax-deductible - as they might
be with a traditional IRA.
The Education IRA offers tax-free withdrawals when the funds are used
for educational purposes. Contributions of up to $500 per year are not
tax-deductible, but all earnings are tax-free when used for qualified
Use our online yield calculators to help you determine how to increase your savings level.
Metropolitan offers a variety of terms and features for IRAs:*
- The 18-month Variable Rate IRA has an interest rate that floats
with the current market conditions. Additional deposits may be made to
- The 12-month, 18-month or 36-month Fixed-Rate IRA has an interest
rate that is fixed at the time of account opening. No additional
deposits can be made, but additional IRAs may be opened.
- The Managed IRA can be custom-designed to meet your investment
needs. Investment specialists are available to discuss your retirement
- Call or visit one of our nearby and neighborly branch locations for more information on rates and terms.
Important information about procedures for opening a new account
To help the government fight the funding of terrorism and money-laundering
activities, federal law requires all financial institutions to obtain, verify
and record information that identifies each person who opens an account. What
this means for you: When you open an account, we will ask for your name,
address, date of birth, and other information that will allow us to identify
you. We may also ask to see your driver's license or other identifying