IBC bank offers Individual Retirement Accounts. Individual Retirement Accounts are designed to help save for the future while enjoying tax benefits along the way. There are three types of IRA's to choose from - deduct from current year's taxable income and benefit from a variety of investment options with a Regular IRA. With the Roth IRA customer can invest and then enjoy tax-free earnings from growth, dividends and interest available beginning at the age of 59½. Help build a family member's college fund with tax-free earnings by contributing to your Educational IRA. Minimum amount to open an IRA is $50.