Individual Retirement Accounts (IRAs)
Retirement may seem far away. But that's all the more reason to start saving for it! Open an IRA today so that when you're ready to retire, you can afford to do it.
We offer both traditional and Roth options to meet your needs. Let our staff help you get the one that's right for you.
- Summary
- Save for future retirement costs
- Various short and long-term investment options
- Traditional and Roth available
- CD options available
- Some age and deposit limits apply
- Deposits can be tax-free or tax-deferred
- Rollover or transfer your existing IRA
- $500 minimum opening deposit
Take a look at our current rates.
- Traditional vs. Roth
Some of the basic details on several types of IRAs we offer are below. Contact us for more information or consult your tax advisor to find out which is right for you.
Traditional
- Interest earnings may be tax deferred until withdrawal
- Contributions are tax deductible
- Withdrawals may begin at age 59½*
- Mandatory withdrawals begin at age 70½
Roth
- Interest earnings are tax free
- Contributions are NOT tax deductible
- Withdrawals of earnings can begin at age 59½*
- No mandatory withdrawals
*Early withdrawals may be subject to penalty. Certain exceptions apply. Non-penalized withdrawals include healthcare, purchasing first home, et al.
