Individual Retirement Accounts (IRA)
South Louisiana Bank can offer you a Traditional, Roth, or a SEP IRA. IRA’s can be set up in any of the Certificate of Deposit terms ranging from 14 days to 7 years. The interest rate, annual percentage yield and early closure fee will be determined by the term selected. The minimum deposit for a 14 and 30 day IRA term is $10,000.00. The minimum deposit for an IRA with a term of 60 days or greater is $1,000.00. The 18 month IRA term can be opened with only a $1.00 deposit. Stop by or call and speak to a Customer Service Representative for more details.