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Personal IRAs

Plan today for the retirement you want tomorrow.

The best time to plan for retirement is now. With an Individual Retirement Account (IRA) from United Bank, you can save for the future while taking advantage of potential tax benefits today.

We offer both Traditional IRA and Roth IRA options, so you can choose the account that best fits your financial goals. Our local bankers in Alabama and Florida can help you understand your options and set up an IRA that supports your long-term plans.

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IRA Options

Traditional IRA: Contribute pre-tax income and pay taxes when you withdraw funds in retirement
Roth IRA: Contribute after-tax income and withdraw funds tax-free in retirement, subject to IRS rules.
Additional Features:
- Competitive IRA interest rates on both account types
- Flexible contribution options
- FDIC insured up to the legal limit

Traditional IRA

Annual contributions may be tax deductible*
Earnings are tax-deferred until withdrawn
Accounts can be funded by rollovers from qualified retirement plans, including 401(k) plans
Required minimum distributions must begin in the year IRA holder turns 73

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Roth IRA

Contributions are made with after-tax dollars
Earnings and qualified withdrawals are tax-free, subject to IRS rules
Tax-free withdrawals may begin after age 59 ½ if the Roth IRA has been funded for at least five years
No mandatory distributions

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Contribute up to $7,500 per year (up to $8,600 if over age 50)
Withdrawals prior to age 59 ½ may be taxed and subject to 10% IRS penalty (See IRS Publication 590 for qualified early withdrawals)
IRAs with United Bank are invested in safe, secure Certificates of Deposit
IRAs offering other investment opportunities are available through United Bank's Financial Services Division

The two types of IRAs that allow for individual contributions are Traditional IRAs and Roth IRAs. For more details, see IRS Publication 590.

Saving for retirement doesn’t have to be complicated. United Bank offers personal IRA accounts in Alabama and Florida to help you prepare for what’s next.

Interested in Opening an IRA?

Getting started is easy:

Call us at 251-446-6000 or visit a branch.
Choose between a Traditional or Roth IRA.
Open your IRA.
Start saving for a stronger financial future.

United Bank is a full-service financial institution with branches in Alabama and Florida.

* Please consult your tax professional regarding deductibility and eligibility of your IRA deposits as well as taxation on distributions.

Disclosures

Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products offered through LPL or its licensed affiliates. United Bank is not registered as a broker-dealer. Registered representatives of LPL offer products and services using LPL Financial, and may also be employees of United Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, United Bank. Securities and insurance offered through LPL or its affiliates are:

Not Insured by FDIC or Any Other Government Agency	Not Bank Guaranteed	Not Bank Deposits or Obligations	May Lose Value

The LPL Financial registered representatives associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.

So what would you like the future to hold? Maybe a week at the beach. A gourmet set-up in the kitchen. A son or daughter at State U. Or the security of knowing you can handle life’s ups and downs. With a United Bank savings account, you set the goals and we’ll give you the tools to work toward them.

Deck the halls with a lot more dollars

From family gatherings to festive meals to fantastic gifts, the Christmas season can cost a pretty penny. One way to make it all more affordable is with year-round deposits to a special interest-earning account. When November arrives, all the money will be automatically deposited in your United Bank checking account for quick and easy access.

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Christmas Club accounts are limited to one per customer
Maximum balance of $10,000
Minimum automatic deposit of $20 each month from a United Bank account
Additional deposits permitted
Account must be linked to a United Bank checking account for November distribution¹
Competitive interest accrues monthly and is paid at distribution (Interest rate in effect when the account was opened)²
$10 fee if withdrawals are made outside standard distribution date.
$10 fee if you close the account before distribution date³

¹ Distribution date will occur on the nearest business day following November 1. This date may vary.
² Interest rate and Annual Percentage Yield (APY) may change without notice.
³ Fees may reduce earnings.

An emergency fund is a safety net for your money, there to help you out when life makes an unexpected turn. If someone in your family gets sick, or if there are sudden changes in jobs, this money is there to give you peace of mind. Instead of worrying about how to pay for unexpected bills, your emergency fund can cover those costs.

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5.00% APY* on the first $5,000 in your account
Ability to set up automatic transfers from your checking account to your savings account each month or more frequently
FDIC-Insured account

Emergency Calculator

^{*APY = Annual Percentage Yield}
^{Rate Information: This Account is an interest bearing account. If the daily balance is less than $5,000.01, the interest rate paid on that portion of the balance will be 4.91%. The annual percentage yield for this tier will be 5.00%. If the daily balance is more that $5,000.00, but less than $10,000.01, the interest rate paid on that portion of the balance will be 0.75%. The annual percentage yield for this tier will range from 5.00% to 2.88%. If the daily balance is more than $10,000.00, the interest rate paid on that portion of the balance will be 0.05%. The APY for this tier will range from 2.88% to 0.05%. APY effective as of 9/30/25.}
^{Interest rate may change after account is opened. Annual percentage yield subject to change. At our discretion, we may change the interest rate on the account as often as daily. Interest begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded quarterly and will be credited to the account quarterly. If the account is closed before interest is credited, you will not receive the accrued interest.}^{Balance Information: We use the daily balance method to calculate the interest on the account. This method applies a daily periodic rate to the principal in the account each day. We will use an interest accrual basis of 365 (or 366 in leap year) for each day in the year.}^{Limitations: You must deposit $50.00 to open this account. There is no limitation for withdrawals or transfers, but a fee of $5.00 per withdrawal is assessed, in excess of 2 per month.}^{Account Fees: A $50.00 minimum daily balance is required to avoid a monthly service charge of $5.00. Fees could reduce earnings on the account.}

What makes an injury, illness or a chronic health condition even worse? Worrying about how to pay the health-care bills. At United Bank, we offer tax-advantaged HSAs that help you save the money needed to cover a wide range of doctor, dental and vision care, as well as prescription costs. That puts the focus back where it should be – on getting healthy and happy again.

¹ HDHP has a higher deductible than typical health plans and a maximum limit on the sum of the annual deductible and out-of-pocket medical expenses which may include copayments and other amounts, but do not include premiums.
² IRS contribution limits subject to change. Consult the IRS for current limits.
³ Fees may reduce earnings.
⁴ Fees may apply for some services within Online Banking or Mobile Banking. Cell phone text and data rates may apply.