Individual Retirement Account (IRA)

We offer Individual Retirement Accounts to assist you as you plan for the future. Whether your goal is to travel or to spend quality time with your family, we aim to help you make the best out of your retirement. Our experts can guide you to pick the option that is right for you.

Summary

• Competitive interest above standard savings rates
• Traditional and Roth IRA options
• No setup fees
• No monthly or annual maintenance fees
• Annual contribution limits apply
• Additional $1,000 “catch-up” contribution allowed for ages 50+
• Funds can be used to purchase certificates of deposit (CDs) within IRA

*Consult a tax advisor.

Fixed vs. Variable Rate IRAs

Fixed Rate IRA

• Tax-advantaged retirement savings*
• Fixed rate for entire term
• 30 days to 5 year terms
• No setup or maintenance fees
• $500 minimum opening deposit

Variable Rate IRA

• Tax-advantaged retirement savings
• Variable rates apply
• One year term
• No setup or maintenance fees
• $500 minimum opening deposit

*Consult a tax advisor.