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Serving You.
Building Community.

Serving You.
Building Community.

Serving You.
Building Community.

Serving You.
Building Community.

Serving You. Building Community.

Serving You. Building Community.

Serving You. Building Community.

Serving You. Building Community.

Serving You.
Building Community.

Serving You.
Building Community.

Serving You.
Building Community.

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Individual Retirement Account (IRA)

It's never too late to start preparing for retirement!  Let us help you save with a Traditional IRA or Roth IRA.  An IRA is an excellent tool for retirement savings.  Depending on the type of IRA you choose, contributions may be tax deductible and will grow either tax-deferred or tax-free.  Both the Traditional and Roth IRAs consist of Marion County Bank CDs and are FDIC insured.

Traditional IRA

A Traditional IRA is designed for anyone under the age of 70 with earned income who wants to save for retirement.  The Traditional IRA allows you to defer taxes on the earnings on your contribution until they are withdrawn.  Certain contributions are tax deductible in the tax year for which you make them.

Roth IRA

A Roth IRA is for anyone who earns income and wants to save for retirement, especially those who may exceed the Traditional IRA income limits.  The Roth IRA allows only nondeductible contributions and features tax-free withdrawals.

Consult your tax or legal professional for guidance.

 

Health Savings Account (HSA)

A Health Savings Account, more commonly known as an HSA, is an account established exclusively for the purpose of paying or reimbursing qualified medical expenses.  To pay your medical bills with an HSA, simply write a check or use your free Marion County Bank debit card.

An HSA provides a way to pay for medical expenses tax-free.  It also provides a way for individuals to pay for expenses that may not be paid for by a medical plan (i.e. dental, vision, over the counter medications) on a tax-free basis.

An HSA is owned and controlled entirely by an individual.  All funds invested in an HSA remain the property of the account owner.  The account balances roll over from year to year and accumulate tax deferred.  Distrrbutions from your HSA for qualified medical expenses are tax-free.  To be eligible for an HSA, an individual must:

  • Be under the age of 65
  • Be covered under a High Deductible Health Plan (HDHP)
  • Not be covered by an other health plan that is not an HDHP (with certain exceptions for plans providing certain types of coverage)
  • Not be enrolled in Medicare
  • Not be claimed as a dependent on another person's tax return

Consult your tax or legal professional for guidance.

Who We Are

Not all banks are the same. Learn about what makes us different, meet our staff and hear what our customers say. Learn More...

Customer Support

Get help with an existing account or product and check if there are known issues that are receiving attention.

Education Center

Find valuable insight for your finances from our team of banking experts. Learn More...

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April is Financial Literacy Month and April 25 is Teach Children to Save day.

Teaching our children to save is one of the best ways we can set them up for a lifetime of financial success.

Our "Savings Made Sweet" coloring contest is a simple way to have fun talking about savings. Read on for the full details.

Savings Made Sweet Coloring Contest 2024

03/26/2024

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Please join us in welcoming Sheila Miller to the Marion County Bank family!

Sheila joins our Real Estate team as a Loan Processor in our Knoxville location. Be sure to say hello when you see her. Welcome to the family, Sheila!

Welcome Sheila Miller!

03/22/2024

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We are excited to announce that, Robert Poppe, Vice President & Agricultural Loan Officer, has been recognized as Marion County’s Top 10 Under 40! This recognition is a testament to Robert’s dedication, hard work, and outstanding contributions to our team and the community we serve.

Robert Poppe: Top 10 Under 40

03/19/2024

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Traveling for Spring Break? Don’t forget to check out our NEW Debit Card Control Features and to let us know before you GO so we can help keep your debit card safe. Read on for more travel tips.

Spring Break: 5 Travel Tips

02/27/2024

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