Financial Services:

Checking Accounts

Savings Accounts

Certificates of Deposit (CDs)

Individual Retirement Accounts (IRA)

Loans

Real Estate

Business

Personal

Mini Application

Debit/Check Cards

Check Printing

Other Services

Fee Schedule

Grant Application (PDF)

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record all 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 documents.

Individual Retirement Accounts (IRAs)

Currently, Ravalli County Bank offers Traditional, Roth, and Educational IRA accounts.

Which IRA Is Right For You?

Traditional IRA
The Traditional IRA is an account which allows you to defer taxes in your earnings until they are withdrawn. Also, certain contributions are tax deductible in the tax year for which they are made.

If you are under the age of 70-1/2 for the entire tax year and have earned income (or your spouse has earned income), you are eligible to establish a Traditional IRA, even if you already participate in any type of government plan, tax-sheltered annuity, simplified employee pension plan, Savings Incentive Match Plan for Employees of Small Employers, or qualified plan established by an employer.

Roth IRA
The Roth IRA is a nondeductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. Since Roth IRA contributions are nondeductible and taxed in the year they are earned, people who expect to be in a higher tax bracket when they retire may benefit more from a Roth IRA account than from a Traditional IRA account.

There are two requirements for eligibility to contribute to a Roth IRA. First, you must have earned income (or your spouse must have earned income). Second, your modified adjusted gross income cannot exceed certain limits. Please E-mail our Customer Service Department for the most recent adjusted gross income limits.

Interest is computed daily and paid monthly on all of our IRA accounts. Please E-mail our Customer Service Department for current rates and indexes used, or for more information. Pension rollovers are accepted.

Remember, certain IRS rules apply to these accounts. We suggest you consult with your tax advisor before opening an IRA account.