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SEP IRA

SEP IRA stands for Simplified Employee Pension IRA. It's a tax-deferred retirement plan for small business owners, an employer makes deductible contributions directly to each eligible employee’s Traditional IRA. Champaign can help you set up your SEP-IRA today.

  • Minimal paperwork and reporting
  • An employer can make discretionary annual contributions
  • Deductible employer contributions are made directly to employees' IRAs
The minimum amount to add to this CD is $50.00. The interest rate is subject to change.

 

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Champaign Bank is part of the Citizens Banking Company and deposits held at each of its facilities are not separately insured by FDIC.

For your convenience, Champaign Bank offers various links that may direct you away from the Champaign web site. Champaign Bank is not responsible for content or security of these web sites.