It’s never too early to save for your future.

Prepare for retirement with a tax-advantaged Traditional or Roth IRA and get a jump start on your golden years.

Retirement Accounts

Savoy Bank offers two types of retirement accounts: Traditional and Roth IRAs.

Traditional IRAs offer:
  • Tax-deductible contributions. 
  • Qualified distributions are taxed at regular income tax rates.
  • Earnings accumulate tax-deferred.
  • Contribution limits exist.
Roth IRAs offer:
  • Non tax-deductible contributions. 
  • Qualified distributions are tax-free. 
  • Earnings accumulate tax-free.
  • Contribution limits exist.

We encourage all clients to consult their tax advisor to determine which account is best suited for their needs.

Savoy provides me with all the services of a major bank, but delivers them with the personality of a small bank.”
Nicholas Guagliardo


% APY *
5 Year IRA
  • $2,000 Minimum Opening Deposit
  • Tax-advantaged accounts
  • FDIC insured
  • Competitive interest rates to help your money grow faster
  • High touch, personalized banking experience

All Annual Percentage Yields (APYs) are as of 3/17/2021.

* Annual Percentage Yields (APYs) may change after account is open if not a term account. Certificate of Deposits (CDs) Annual Percentage Yields (APYs) are fixed for term of the account.

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About us

Big bank options with personalized service

At Savoy, we believe that personal service is a requirement, not an option. In each partnership with our clients, we meet them where they are —  offering banking solutions unique to their situation, industry, and business goals.

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High-Yield Accounts

From the fixed-rate safety of a CD to the liquidity of a savings or money market account, we offer flexible options to fit your unique business needs.


Money Market

Enjoy higher interest rates when you invest your money in a Savoy Bank money market account. Your money is FDIC insured so you’ll earn the higher interest rate that you deserve while keeping your funds safe and secure.

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Certificates of Deposit

Your deposits are FDIC insured up to the maximum limit allowed.  Your money will work harder for you with tiered interest rates tailored to your business’ needs.

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