- Details
We offer competitive interest rates and a wide range of terms to meet your needs. Whether your ideal retirement is full of travel and excitement or golfing and relaxation, we want to help make it happen.
- Competitive interest rates
- Traditional and Roth IRA options
- No setup fees
- Low maintenance fees**
- Annual contribution limits apply
- Additional $1,000 "catch-up" contribution allowed for ages 50+
- Funds can be used to purchase certificates of deposit (CDs) within IRA
- $1,000 minimum deposit to open
*Consult a tax advisor.
**$10 a year once customer reached Required Minimum Distribution (RMD) age. Fee waived if RMD is handled by ACH. Transfer fee of $30 per transfer.- Traditional 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.
- No income limits to open
- No minimum contribution requirement
- Low maintenance fees***
- Contributions are tax deductible on state and federal income tax*
- Earnings are tax deferred until withdrawal
- Withdrawals can begin at age 59 ½
- Early withdrawals subject to penalty**
- Mandatory withdrawals at age 70 ½
*Subject to some minimal conditions. Consult a tax advisor.
**Certain exceptions apply, such as healthcare, purchasing first home, etc.
***$10 a year once customer reached Required Minimum Distribution (RMD) age. Fee waived if RMD is handled by ACH. Transfer fee of $30 per transfer.- Roth IRA
- Income limits to be eligible to open Roth IRA***
- Contributions are NOT tax deductible
- Earnings are 100% tax free at withdrawal*
- Principal contributions can be withdrawn without penalty*
- Withdrawals on interest can begin at age 59 ½
- Early withdrawals on interest subject to penalty**
- No mandatory distribution age
- No age limit on making contributions as long as you have earned income
*Subject to some minimal conditions. Consult a tax advisor.
**Certain exceptions apply, such as healthcare, purchasing first home, etc.
***Consult a tax advisor.