Rates

Make your golden years some of your best years by saving for them today with special tax advantages.*

Key Features

Competitive Dividends

Competitive Dividends

No Setup Fees

No Setup Fees

No Maintenance  Fees

No Maintenance Fees

  • Make your retirement more secure with tax-advantaged savings*
  • Competitive rates higher than a regular savings account
  • Traditional and Roth options available
  • Annual contribution limits apply (see current contribution limits)
  • No monthly maintenance fees or annual fees
  • No setup fees
  • CDs available within IRA
  • Free digital banking services, including:
    • Online banking with bill pay
    • Mobile banking
    • e-Statements
  • No minimum deposit to open

Each IRA option offers different advantages. The biggest difference is when you see the advantage — a traditional IRA provides potential tax benefits today, while a Roth IRA has the potential for tax benefits when you retire. We'll be glad to discuss your retirement savings needs with you. Simply contact us or come visit us.

Traditional IRA

  • No income limits to open
  • No minimum contribution required
  • Contributions are tax deductible*
  • Earnings are tax-deferred until withdrawal (usually in lower tax bracket)
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty**
  • Mandatory withdrawals begin at age 70½

Roth IRA

  • Income limits to be eligible to open Roth IRA***
  • Contributions are NOT tax deductible
  • Earnings are tax-free at withdrawal*
  • Principal contributions can be withdrawn without penalty*
  • Withdrawals on interest can begin at age 59½
  • Early withdrawals on interest subject to penalty**
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income

*Subject to some minimal conditions. Consult a tax advisor.

**Certain exceptions apply, such as healthcare, purchasing first home, etc.

***Consult a tax advisor.