Armed Forces Bank 320 Kansas Avenue Fort Leavenworth , KS 66027
320 Kansas Avenue Fort Leavenworth , KS 66027What can we help you find?
Banking from your phone?
Download our app
Welcome Back
You can access your accounts here.
Banking from your phone?
Scan the code to download our app.
Business Retirement Plans
Secure your future with an SEP IRA
Designed for employees and employers alike, our simplified employee pension (SEP) IRAs help small business owners with simple plans that are easy to maintain, tax-deductible employer contributions, and less paperwork than many small business retirement plans. Self-employed options are also available.
Getting to the details
Simple plans are easy to maintain
Take advantage of less paperwork
Tax-deferred earnings and tax-deductible contributions
Retirement Plan Rates
| Term | Minimum Opening Balance | Annual Percentage Yield |
|---|---|---|
| 91 Day | $500 | 0.15% |
| 182 Day | $500 | 0.20% |
| 9 Month | $500 | 0.25% |
| 12 Month | $500 | 0.30% |
| 13 Month | $500 | 0.30% |
| 15 Month | $500 | 0.35% |
| 18 Month | $500 | 0.35% |
| 19 Month | $500 | 0.35% |
| 24 Month | $500 | 0.45% |
| 30 Month | $500 | 0.45% |
| 36 Month | $500 | 0.50% |
| 48 Month | $500 | 0.50% |
| 60 Month | $500 | 0.60% |
A penalty may be imposed for early withdrawal. The Annual Percentage Yield (APY) shown is accurate as of 06/02/23. The interest rate is subject to change daily.
Early withdrawal penalties - The amount of early withdrawal penalty depends on the length of the account term:
| Account Term | Penalty |
|---|---|
| 7 - 91 days | 60 days loss of interest |
| 92 - 182 days | 182 days loss of interest |
| 183 days - <60 Months. | 1 year loss of interest |
| 60 Months | 2 years loss of interest |
New penalty would apply to new CDs/IRAs opened or renewed after September 1, 2015.
For Certificates issued for Individual Retirement Accounts (IRA) or Education Savings Account (ESA), the interest is compounded and credited quarterly for investment terms 12-months or longer, shorter term pays at maturity. Interest may be withdrawn by IRA holders 59 1/2 or older by transfer to an internal account or ACH to another bank, monthly, quarterly, semi-annual or annually. Interest may be withdrawn by check semi-annually, annually or at maturity, whichever comes first.
Retirement Distributions from any Individual Retirement Account may begin upon permanent disability or death without incurring an early withdrawal penalty. Additional documentation is required.
Armed Forces Bank (AFB) is a full-service bank founded in 1907 catering to active-duty and retired military, Department of Defense personnel, veterans, and their families, as well as civilians, in all 50 states and around the world.