Does my bank contribute to my IRA?

A bank is a lousy place to invest your IRA. Chances are, the management fees of any investments they have are going to be higher than anything you'd make off of it.

Their contributions *should* be interest, they aren't going to contribute to it like you and (possibly) your employer did.

Other then the interest they pay the bank contributes nothing

Only you.

No, only you contribuate. If you didn't look into a ROTH IRA you should and compare it to the IRA you just opened. Ask your bank to explain the difference.

No. They may even be taking money from your account in the form of management fees. You should look into that.

Your employer contributed because you worked there. You don't work for the bank and companies don't contribute to IRAs. If you leave the money in the IRA, you do not pay taxes until you take the money out, which should not be until you are at least 59.5. If you had left it in the 401K, you could, under certain circumstances taken money out without penalty at 55.

not unless you have them move your money into one

no the bank doesn't contribute. No tax issues until you start taking money out.

Nope...the bank is there only to handle your IRA, not contribute to it.

I suggest you talk with the bank employees.