Your future is closer than you think. Start saving now with a tax-advantaged IRA.1

Key Features

Competitive Rates

No Setup or Maintenance Fees

Tax Advantages 1

  • Tax-advantaged savings for retirement1
  • No setup fees
  • No monthly or annual maintenance fees
  • Rollover 401K funds
  • Flexible term certificates from 6 months to 5 years
  • Ability to make monthly contributions
  • Payroll deduction available
  • Traditional and Roth IRA options
  • $500 minimum deposit to open IRA term certificate

1Consult a tax advisor.

One of the biggest differences between a traditional IRA and a Roth IRA 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
  • Contribution limits apply1
  • Contributions are tax deductible on state and federal income tax2
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59 ½
  • Early withdrawals subject to penalty2
  • Mandatory withdrawals at age 70 ½

1Refer to the IRS website for current limits.

2Consult a tax advisor. 

Roth IRA

  • Contribution limits apply1
  • Income limits to be eligible to open Roth IRA2
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal2
  • Principal contributions can be withdrawn without penalty
  • Withdrawals on dividends can begin at age 59 ½
  • Early withdrawals on dividends subject to penalty3
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income

1Refer to the IRS website for current limits.

2Consult a tax advisor.

3Certain exceptions apply, such as healthcare, purchasing first home, etc.