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BancWest Investment Services
RETIREMENT ACCOUNT OFFERINGS

Retirement Planning for Success

Whether you’re just starting out or are well on your way to retirement, BancWest Investment Services has a variety of Individual Retirement Accounts (IRAs) that may help you save for the future while reaping the rewards of tax savings today.

Traditional IRA

With a Traditional IRA, you won't pay taxes on earnings until you make withdrawals, and you may get immediate tax benefits when you contribute.

  • Potential gains accumulate tax-deferred.
  • Pay no taxes until you make withdrawals in retirement.

Roth IRA1

A desirable option if you have a higher tax rate when you begin making withdrawals than when you contribute, a Roth IRA is funded with after-tax dollars and includes these benefits:

  • You get tax-free withdrawals in retirement.
  • You can make contributions at any age.
  • After you turn 70½, you won’t have to make mandatory withdrawals.

Compare the benefits of the Roth and Traditional IRA.

Rollover IRA2

A Rollover IRA is tax-smart way to keep your retirement savings invested and avoid potential early withdrawal penalties. From start to finish, we’ll help you through the rollover process. A Rollover IRA allows you to:

  • Consolidate your assets from various employer retirement plans.
  • Take advantage of a potentially larger selection of investment choices with lower fees.
  • Generally, withdraw money without a 10% early-withdrawal penalty if you are age 59½ or older.

Rollover IRAs are subject to the same distribution and funding requirements as Traditional IRAs.

SEP IRA

One of the easiest small business retirement plans to set up and maintain, a Simplified Employee Pension IRA (SEP IRA) enables you to make sizable contributions for yourself using earnings from your small business. You’ll also enjoy:

  • Tax-deferred earnings
  • Tax-deductible contributions that vest immediately
  • Flexible annual contributions
  • Less paperwork than many small business retirement plans
  • No program administration fees

SIMPLE IRA

A low-cost way to set up a retirement program for you and up to 100 employees, a SIMPLE IRA offers you these benefits:

  • Potential tax-deferred earnings
  • Employer contributions are tax deductible
  • Potential employer-matched contributions
  • Business expense deductions for employee contributions
  • Easy administration and no tax filing required

To open a SEP or SIMPLE IRA please contact a Retirement Consultant at 1-888-808-2947, as these accounts cannot currently be opened online.

1 Tax-free withdrawals of earnings are permitted five years after the first contribution that created the account. Once the five-year requirement is met, distributions will be free from federal income taxes if taken: (1) after age 59½ (2) on account of disability or death, or (3) to pay up to $10,000 of the expenses of purchasing a first home. Withdrawals that do not meet these qualifications will be subject to ordinary income taxes and a 10% federal tax penalty.

2 If you are satisfied with your former employer's plan investment choices you may not derive a benefit from any additional investment choices available through a BancWest Investment Service retirement account. You may also subject to the specific risks and costs associated with such choices.

3 The consultation with a BancWest Investment Services financial professional is complimentary. Please note: The implementation of any recommendations provided during the consultation may result in trade commissions or other fees, charges or expenses. Any recommendations and guidance provided are limited to assets held at BancWest Investment Services.


* Deposit and loan products offered by Bank of the West. Member FDIC. Equal Housing Lender.

** Fifteen (15) $0 commission order executions for equities and Exchange-Traded Funds ("ETFs") per calendar month, per account ($6.95 order executions thereafter), for self-directed orders placed via the BancWest Investment Services online platform, subject to certain terms and conditions and additional fees (please refer to https://www.bankofthewest.com/personal-banking/investments/self-directed-investor.html for further details about self-directed investing available through BancWest Investment Services). If an order placed via the online platform is executed over multiple days, each day's executions for that order will be counted separately and applied against the remaining available $0 commission order executions available that month.

Online Preferred Pricing is only available to individuals with an active Premier Checking account. Individual Online Preferred Pricing eligibility is determined on a daily basis by BancWest Investment Services. Online Preferred Pricing does not apply to business/corporate accounts, investment club accounts, partnership accounts, limited liability accounts or certain fiduciary or custodial accounts. Please contact BancWest Investment Services for additional information.

Premier Checking recognizes your preferred customer status and rewards you with premium interest rates, waived fees and other benefits. Learn more or apply now. A Bank of the West Premier Checking account requires a minimum opening deposit of any amount. The $25 monthly service charge will be waived for your first two (2) statement cycles and may be waived thereafter when you maintain at least $25,000 combined average monthly balance per statement cycle in this Bank of the West Premier Checking account plus other eligible personal Bank checking, money market, savings, CDs, and IRAs, and prior end-of-month account balances in eligible BancWest Investment Services investment accounts. Some accounts and services and the fees that apply to them vary from state to state. Standard deposit account fees apply. Relationship requirements and pricing are subject to change without notice.

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