However, these Certificates of Deposit will not renew automatically at maturity. If you do not renew the account on the certificate maturity date, your funds will be placed in a noninterest-bearing account. Individual Retirement Accounts Bank of Sun Prairie offers separate IRA savings plans with varying maturities, interest rates and other features. You select the account or combination of accounts that best meet your needs. IRA investments are subject to substantial interest penalties for amounts withdrawn prior to maturity.
More information is available upon request.
Apply Online Now Traditional IRA - You can defer taxes on a Traditional IRA until they are withdrawn. This allows you to defer taxation until your retirement when you may be in a lower tax bracket. Contributions you make now are NOT tax-deductible, but can be withdrawn tax and penalty free at any time. Earnings can be withdrawn tax and penalty free for certain reasons after five tax years. If you do not need the immediate tax break or expect to be in a higher tax bracket when you retire, this may be the account for you.