A type of Individual Retirement Account (IRA) in which contributions are placed either in an interest-bearing bank account or an account with a brokerage. This type of IRA gives holders considerable flexibility in terms of how their money is invested.
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A type of Individual Retirement Account (IRA) allowed by the Employee Retirement Income Security Act of 1974 (ERISA) in which contributions are paid into the ...
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A bank trust custodial account gives the holder a great deal of flexibility as to how his/her retirement money is invested. This type of account was created in 1974.
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Definition of bank trust custodial account: A type of Individual Retirement Account (IRA) in which contributions are placed either in an interest-bearing bank ...
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Mentioned in. Individual Retirement Account Funding Instruments (insurance term). Custodian (finance term). Bank Trust Custodial Account (insurance term) ...
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Under the employee retirement income security act of 1974 (erisa), the individual retirement account (bank trust custodial account, mutual fund custodial account ...