Personal Banking-IRA
Individual Retirement Accounts (IRA)
Invest in your future, risk-free. Save for tomorrow and take advantage of tax benefits today.** We offer many ways to invest for your retirement or your child’s education, with no risk.
IRA Products
Money Market IRA*
- Only $10.00 minimum deposit
- Compounds daily
- Add to your account at any time
IRA Certificate of Deposit*
- $500 minimum deposit
- Compounds daily
- Choice of fixed rate options
All of our IRA plans permit withdrawals up to $10,000 for a first time home purchase**
IRA Plans
Traditional IRA/Roth IRA*
- Annual contribution amounts up to the IRS-approved limits; if 50 years of age or older, additional contributions may be permitted
- Tax-deferred earnings and potential for tax deductible contributions** to Traditional IRA’s
- Potential for tax-free earnings** in Roth IRA’s after five years
Simplified Employee Pension*
- Employer-funded plan enables employers to provide contributions for their employees’ IRAs
* Substantial penalty/tax may be imposed for early/premature withdrawal.
** Consult with your tax advisor. Other restrictions may apply.
