The State Bank of Richmond offers the following types of IRA's / Retirement Plans:

• Traditional IRA
  
• Roth IRA
  
• Simplified Employee Pension Plan (SEP)
  
• Coverdell Education Savings Account (CESA)

We encourage you to discuss your retirement plans with your tax advisor. When you decide which plan is right for you, contact the new accounts department to establish your IRA.

All of our accounts offer:

• No Set-Up Fee
  
• No Annual Fee
  
• $100.00 Minimum Balance
  
• Daily Interest
  
• Interest Paid Quarterly
  
• Rate Subject to Change Monthly
  
• Penalty for Early Withdrawal
  
• Passbook Savings
  
• Certificates of Deposit are available as an investment option for IRA's