Business Individual Retirement Accounts

GWB offers SEP Accounts (Simplified Employee Pension) that fill basic employer needs. Employers establish retirement plans for very basic reasons. First, the employer may want to provide retirement benefits for him or herself. Second, offering a retirement plan may serve to reward and retain quality employees. And third, a retirement plan may help attract competent new employees to the business. If any of these motivations apply to you, and if the idea of a plan that is extremely simple to establish and operate attracts you, then a simplified employee pension (SEP) may be the plan for your business. Choose from one of our CD terms or have the added flexibility of making periodic contributions with our 18-month Variable IRA.

*Additional disclosures provided on all GWB business accounts at account opening.

Short Term Individual Retirement Accounts

With a minimum balance of $2,500.00 you can open a

• 3 month

• 6 month

• 1 year

Long Term Individual Retirement Accounts

With a minimum balance of $1,000.00 you can open a

• 18 Month Option
• *18 Month Variable
• 36 Month Option
• 2 year
• 3 year
• 4 year
• 5 year

*The minimum deposit for the 18-month variable IRA is $500.00, additional contributions are a minimum of $25.00 each not to exceed your annual contribution limit. This account is tied to the 90 day Treasury bill and can change monthly.

Limitations: Principal withdrawals taken prior to the maturity date may incur a substantial penalty on the amount withdrawn. You have ten days after the maturity date to withdraw or deposit funds without penalty. This penalty does not apply at death. IRAs are insured up to $100,000.00 by FDIC.

For more information on Business IRA's contact David at (920) 532-6500 or Lora at (920) 864-7901.

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