Due to the increase in COVID-19 cases in our communities and out of concern for both our customers and staff, The Harvard State Bank has deemed it necessary to close our lobbies.
Each of our ﬁve locations will continue to conduct business through our Drive-Up facilities, Walk-Up window located at the Main Bank, and through Night Depositories. We also continue to have ATMs, telebanking and Digital Banking products and services available. Our Loan Officers, Bankers and Investment Rep will remain accessible by appointment as well as by phone.
Please feel free to contact us at 815-943-4400 with any questions or concerns.
Drive-Up, ATMs, Telebanking and Digital Banking products and services are recommended.
A Roth IRA allows only non-deductible contributions, but features federal income tax-free withdrawals for certain distribution reasons after a five-year holding period. To be eligible you must have compensation and your modified adjusted gross income cannot exceed certain limits.
INDIVIDUAL RETIREMENT ACCOUNT OR IRA
IRAs are retirement accounts that are regulated by the IRS. They have restrictions on withdrawals and deposits, maximum annual deposit amounts, and tax benefits depending on the type IRA. IRAs are available to individuals.
The Harvard State Bank offers a variety of IRA plans to help you build up your retirement nest egg. We encourage you to discuss your retirement plans with your investment broker or tax advisor.