Yes. Individual Retirement Accounts (IRAs) are great savings plans that help you save for your retirement with tax benefits along way. Your contributions grow tax deferred until you retire. IBC Bank offers three IRA accounts – Traditional, Roth, and Educational - that help you reduce your annual taxable income, save for college, and enjoy tax-free earnings. A Traditional IRA can reduce your current year's taxable income and get those funds growing with withdrawals as early as age 59½.