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CALLER ID SPOOFING SCAM: Beware of phone scammers posing as the PlainsCapital Fraud Department. Our Fraud team will NEVER ask for your passcode over the phone.
If you receive a suspicious call claiming to be from our Fraud Department, hang up and call us back directly at 214.525.4699, or call your local branch and ask to be transferred to the Fraud Department. LEARN MORE

ROTH IRA

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Grow Your Retirement Savings
Tax-Free With a Roth IRA

When you save for retirement with a Roth IRA through PlainsCapital Bank, the interest you earn over time is sheltered from federal taxes. And better yet, qualified withdrawals are tax free as well.

VIEW RATES

Features

  • Earnings are tax-free and penalty-free as long as the account is open for five tax years and funds are withdrawn for a qualified reason (age 59 1/2, death, disability, or first-time home purchase)1
  • No distribution requirement during the life of the owner
  • CD terms available from one to five years with fixed rates
  • Accepts rollovers from qualified retirement plans; consult your tax advisor first
  • FDIC insured up to the maximum amount allowable by law

Eligibility

  • You must earn compensation (or your spouse must earn compensation if you file a joint tax return)
  • Your modified adjusted gross income (MAGI) must be less than IRS limits

Requirements

  • Minimum deposit: $100
  • Contributors under age 50 may contribute up to $7,000 in 2025
  • Contributors age 50 or older may contribute up to $8,000 in 2025
  • Contributions cannot exceed the compensation

Please consult your tax professional for tax rules regarding IRAs.

1Age 59 1/2, disability, death, or first-time home purchase. Lifetime limit for exemption on a first-time home purchase is $10,000.

 

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866-762-8392
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Caller ID
Spoofing Scam

Beware of phone scammers posing as the PlainsCapital Fraud Department. Our Fraud team will NEVER ask for your passcode over the phone. If you receive a suspicious call claiming to be from our Fraud Department, hang up and call us back directly at 214.525.4699, or call your local branch and ask to be transferred to the Fraud Department.

LEARN MORE