LIVE FOR TODAY, PLAN FOR RETIREMENT
Meramec Valley Bank IRAs have many advantages such as:
- Competitive Rates. The attractive rates of interest you earn with a Meramec Valley Bank IRA enables your savings for retirement to grow.
- Safety. Meramec Valley Bank is a member of the Federal Deposit Insurance Corporation.
- Tax Advantages.
- $100 minimum balance to open and earn interest (with recurring contributions and 12 month minimum term) or $1,000 minimum deposit to open with no recurring transfer for any term offered.
- Traditional and Roth IRAs are available.
Not sure what type of IRA is right for you? Stop by our Ellisville or Valley Park location to speak with a personal banker and get some more information.
FDIC Encourages Consumers to Save Automatically to Achieve Financial Goals
5 Tips for Saving
1. Make savings a priority. Each time you’re paid, put a portion of it toward savings. Saving money is a good habit no matter how much or how little you put away each month.
2. Automate your savings. Most financial institutions allow you to automatically transfer funds online or via mobile apps from checking to savings accounts.
3. Find money to save. Keep track of everything you spend for a week – you’ll be surprised where the money goes. Adjust your spending habits a little and suddenly, you’re saving.
4. Keep the change. Some supermarkets have machines that count your coins and give you cash in exchange for a small fee. Gather up your spare change, pour it into the kiosk, and see how much your coins add up to. Instead of spending it right away, consider diverting your newfound funds to savings.
5. Cancel extra costs. Check to see if you have any old subscriptions that you’re not using anymore – whether it’s to a gym, magazine, or streaming service that you no longer use. Many services that you may no longer want could cost you hundreds of dollars per year.