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

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
Disclosures