IRA Accounts

Effective 9/30/17

We offer Regular, Roth and Education IRA Accounts with no annual fee. Dividends are compounded and paid quarterly, using an average daily balance method.

Individual Retirement Accounts (IRAs) are a tax advantaged way to plan for your retirement. Start saving for your long term goals today! Fund your IRA as a savings account or a certificate of deposit.

A Traditional IRA is a retirement account that offers the flexibility of making tax deductible contributions. Deposits to the account are tax deductible in the year the deposit is made.

  • Dividends paid monthly
  • Earnings grow tax deferred
  • No minimum balance on IRA Savings Accounts; minimums do apply on IRA Certificates of Deposit
  • Penalties may apply for early withdrawal

A Roth IRA is a retirement account that allows your contributions to be withdrawn tax free, however, there is no tax deduction in the year you make the contribution deposit.

  • Dividends paid monthly
  • No minimum balance on IRA Savings Accounts; minimums do apply on IRA Certificates of Deposit
  • Qualified withdrawals are tax free
  • No mandatory withdrawals
  • Qualified education expenses are penalty free

A Coverdell Education Savings Account (ESA) is an investment vehicle to help you save for a child’s education.

  • Dividends paid monthly
  • No minimum balance on Savings Accounts; minimums do apply on Certificates of Deposit
  • Contributions and subsequent earnings are tax-free when withdrawn to pay for qualified education expenses

 

IRA Certificate Rates

TERMRATEAPY
24 months.50%0.501%
36 months1.35%1.358%
60 months2.25%2.273%

Share IRA Rates

BalanceRateAPY
$ 500 to 9,999.99 0.35%.350%
$10,000 to 49,999.990.45%.451%
$50,000 to 99,999.990.50%0.501%
$100,000 and over0.50%0.501%