Individual Retirement Account (IRA)


*Must be filled, printed, and returned to a KCNB location.​

What is a traditional IRA?

A traditional IRA is a tax-advantaged personal savings plan where contributions may be tax deductible.
Generally, amounts in your traditional IRA (including earnings and gains) are not taxed until you take a distribution (withdrawal) from your IRA.

Other Information

Early Withdrawal
The IRA will be subject to an early withdrawal fee.  Please ask a New Accounts representative for details.

Internal Revenue Service (IRS)
The Individual Retirement Account is subject to additional IRS requirements. 


Rates Effective as of May 31, 2024.  For the most up-to-date rates, call your local KCNB branch.

Type of Account

Deposit to Open
Minimum Balance3 to Obtain
Annual Percentage Yield (APY)

Traditional IRA
18 Months

Deposits FAQs

We currently do not provide the means for you to apply online or submit your application electronically.

Our applications are available at any KCNB location, and can also be found on our website in a fillable and downloadable PDF format.

We do not schedule appointments to meet with our representatives.  However, we do encourage you to call your preferred location ahead of time to check on availability. 

Our business hours are from 8am-5pm, with the lobby open from 9am-3pm, Monday through Friday.

Generally, a valid government-issued photo ID, Social Security Card, and proof of residence will be required to open an account.  You will also need your opening deposit.

Certain circumstances/accounts may require additional documentation.  Call 830-780-3317 for more information.

Need help deciding?

Give us a call at 830-780-3317 or visit any KCNB location.

  1. The IRA is a variable rate CD and subject to change at any time during the term.  Please ask a New Accounts representative for details.
  2. Quoted APY is based on interest compounded quarterly.   The APY assumes that interest remains on deposit until maturity.  A withdrawal of interest will reduce earnings.  At our discretion, the rate and APY may change after the account has been opened.  We may change the interest rate on your account every day.  Fees could reduce earnings on the account.  Rate and APY may change after the account has been opened.
  3. We use the daily balance method to calculate interest on your account.  This method applies a daily periodic rate to the principal in the account each day.

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