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IRAs
Your financial future depends on what you save today! We have a variety of savings and investment accounts designed to help you prepare for unexpected expenses, your children’s education, retirement and more.
Traditional IRA Accounts
Retirement savings made easy.
- Tax-deductible contributions
- Tax-deferred earnings
- Taxed withdrawals
- Contributions can be made up to 70 years old at which time withdrawals are mandatory
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Roth IRA Accounts
Tax Free Retirement Savings
- Contributions are not tax-deductible
- Eligibility to contribute based on income
- Qualified withdrawals will not be taxed
- Contributions can be made until any age and distribution is not required
- Tax-free earnings
Traditional & Roth IRA Accounts
Traditional and Roth IRA Savings Account
- No minimum balance
- Receive dividends at a set APY
Traditional and Roth IRA Certificate Account
- Certificate terms of maturity can be 18, 30, or 60 months
- Minimum deposit of $2000
Coverdell Educational IRA Accounts
Education IRA are custodial or trust accounts with the specified purpose of providing funds for qualified education expenses for a child.
Coverdell Educational IRAs
Contribution rules are as follows:
- Minimum deposit of $500 and maximum of $2000 for one child per year until a child reaches the age of 18.
- Coverdell Educational IRA Savings – Receive dividends at a set APY
- Coverdell Educational IRA Certificate Account
- Certificate terms of maturity can be 18, 30, or 60 months
- Minimum deposit of $500