Individual Retirement Accounts (IRAs)

  • Navigate and choose an account suited for your retirement plans
  • Maximize your opportunities with Traditional and Roth Accounts

IRAs

Find the best IRA for you.

IRA Filters:

Traditional IRA Savings

Earn up to 0.05% APY

A great choice if you want a simple, straightforward IRA with no minimum balance requirement or monthly fees.

Traditional IRA Instant Access Savings

Earn up to 0.15% APY

Your go-to option for tiered dividends on higher balances.

6- to 60-Month Traditional IRA Share Certificate

Earn up to 0.55% APY

These IRAs offer higher dividend ratesThe dividend rate and annual percentage yield may change at any time as we determine. and no risk of loss to your principalFor all certificate accounts, if you withdraw any portion of your principal before maturity, you may be charged a penalty of up to six month's dividends; however, there is no risk of loss to your principal. Required minimum distributions must begin at age 70 1/2 for Traditional IRAs. Required minimum distributions are not subject to early withdrawal penalties..

13-Month Bump-Up Traditional IRA Share Certificate

Earn up to 0.30% APY

You can bump up your rate and balance once during your certificate termAccount owner must initiate the rate bump. One bump per current term and one additional deposit per term allowed, up to the original amount of the certificate at the start of the current term. – a great feature for flexibility.

Roth IRA Savings

Earn up to 0.05% APY

Tax free growthPlease consult with your professional tax advisor. retirement savings in a simple, straightforward IRA with no minimum balance requirement or monthly fees.

Roth IRA Instant Access Savings

Earn up to 0.15% APY

A great choice if you want money-market-like earning on higher balances.

6- to 60-Month Roth IRA Share Certificate

Earn up to 0.55% APY

An easy way to save with automatic rollovers at maturity and the assurance that there is no risk of loss to your principal.

13-Month Bump-Up Roth IRA Share Certificate

Earn up to 0.30% APY

A win-win account with tax free growthPlease consult with your professional tax advisor. earning and the option to bump up your rate and balance once during your certificate termAccount owner must initiate the rate bump. One bump per current term and one additional deposit per term allowed, up to the original amount of the certificate at the start of the current term..

Traditional vs. Roth IRAs.

These few key distinctions will help you determine the right account for your retirement goals. As your financial partner, we’re here to help you make informed decisions. Give us a call or stop by your local branch and we can look at which IRA makes sense for you.

Traditional IRA Savings Roth IRA Savings
Maximum annual contributionThe maximum can be contributed to one or the other or split between both a Traditional and Roth account.
  • $6,000 – if under age of 50
  • $7,000 – age 50 or older
  • $6,000 – if under age of 50
  • $7,000 – age 50 or older
Tax benefitsPlease consult with your professional tax advisor.
  • Tax-deferred growth
  • Contributions may be tax-deductible
  • Tax-free growth
  • Tax-free qualified withdrawals
Earnings
  • Grows tax-deferred until withdrawn
  • Grows tax-free
Taxes upon withdrawal
  • Withdrawals are taxed as income
  • None, unless taxed for early withdrawals
Withdrawal restrictions
  • Most withdrawals before age 59 ½ result in IRS penalties
  • Most withdrawals before age 59 ½ result in IRS penalties
Withdrawals must begin at age
  • 70 ½
  • None
Minimum balance requirement
  • No minimum for IRA Savings Accounts
  • $500 minimum for IRA Certificates
  • No minimum for IRA Savings Accounts
  • $500 minimum for IRA Certificates
Fees
  • No set-up or monthly maintenance fees
  • No set-up or monthly maintenance fees
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