Traditional IRA's at PFSB

At Perpetual Federal Savings Bank, we handle the paperwork so you can focus on what matters to you.


Choose a Traditional IRA at PFSB

Perpetual Federal Savings Bank can help you invest in your future with a Traditional IRA.

  • Contributions may be tax deductible and growth could be tax deferred.
  • When you take the money out in retirement, you may be taxed.
  • Available to everyone who earns income.
  • Distributions are penalty-free and subject to ordinary income taxes when taken after age 59½.
  • Contribution limits:
    • Up to age 50: $6,000
    • Age 50 and older: $7,000
  • Early withdrawal penalties
    • Withdrawals before age 59½ are subject to a 10% penalty in addition to any ordinary income tax that may be due, although there are some exceptions.

The Coronavirus Relief Bill was signed into law on March 27, 2020, and there are several provisions within the bill that affect IRAs.

A distribution to an IRA participant under 59½ for a coronavirus-related reason will not be subject to the 10% early distribution penalty for 2020.

Required minimum distributions (RMDs) have been waived for IRA owners in distribution and beneficiaries for 2020.

Take advantage of our legendary customer service and contact us today!


Single Family, Owner-Occupied Mortgages

Perpetual Federal Savings Bank has been lending money to families in our community since 1878. 

Your loan will stay at Perpetual Federal Savings Bank, and we will service it for the life of the loan. 


Investment Property Mortgages

Perpetual Federal Savings Bank has been the lending partner for entrepreneurial property owners in our community since 1878.

If you have investment properties that you would like to finance, our experienced local lenders can find the right solution for you. 


Mortgage Refinancing

Are you looking to lower your payment or your rate?

We have experienced local lenders. We offer 15 year and 30 year terms. 


Personal Customer Service

We have been proudly serving our community for over 140 years. We want to provide you our legendary, face to face customer service. We are here to help. Please contact us if you need any assistance.