Your fun-filled future is waiting — better start preparing for it today with a tax-advantaged IRA.*
- Competitive interest above standard savings rates
- Traditional and Roth IRA options
- No setup fees
- No monthly or annual maintenance fees
- Annual contribution limits apply (see current contribution limits)1
- Additional $1,000 "catch-up" contribution allowed for ages 50+
- Funds can be used to purchase CDs within IRA
1Consult a tax advisor.
Secure Your Future with an IRA Account
With our Individual Retirement Accounts (IRAs), you can grow your savings while enjoying potential tax benefits. Whether you're planning for retirement or seeking long-term security, our IRAs offer competitive interest rates to help your money grow over time. Choose from Traditional or Roth IRA options to fit your financial goals and start saving smarter today.
- Enjoy potential tax-deferred growth with a Traditional IRA or tax-free withdrawals with a Roth IRA.
- Earn interest to grow your retirement savings securely.
- Choose the IRA type that best suits your financial plans.
Start securing your future today! Open an IRA and take advantage of the tax advantages and growth potential.
Traditional vs. Roth IRA
There are advantages to both Traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A Traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.
Traditional IRA
- No income limits to open
- No minimum contribution requirement
- Contributions are tax deductible on state and federal income tax1
- Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
- Withdrawals can begin at age 59½
- Early withdrawals subject to penalty2
- Mandatory withdrawals at age 73
Roth IRA
- Income limits to be eligible to open Roth IRA3
- Contributions are NOT tax deductible
- Earnings are 100% tax free at withdrawal1
- Principal contributions can be withdrawn without penalty1
- Withdrawals on interest can begin at age 59½
- Early withdrawals on interest subject to penalty2
- No mandatory distribution age
- No age limit on making contributions as long as you have earned income
1Subject to some minimal conditions. Consult a tax advisor.
2Certain exceptions apply, such as healthcare, purchasing first home, etc.
3Consult a tax advisor.
