We offer Traditional, 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A Roth IRA is a retirement account that allows your contributions to be withdrawn tax free, however, there is no tax deduction in the year you make the contribution deposit.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- Contributions and subsequent earnings are tax-free when withdrawn to pay for qualified education expenses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
| INDIVIDUAL RETIREMENT ACCOUNT CERTIFICATE (Effective 12/6/22) | RATE | APY |
|---|---|---|
| 24 months | 1.25% | 1.25% |
| 36 months | 1.25% | 1.25% |
| 60 months | 1.50% | 1.51% |
| * APY is Annual Percentage Yield |
Share IRA Rates
| Balance | APY* |
|---|---|
| $ 500 to 9,999.99 | .30% |
| $10,000 to 49,999.99 | .40% |
| $50,000 to 99,999.99 | 0.45% |
| $100,000 and over | 0.45% |
Rates are subject to change after account opening.
Early withdrawal penalties may apply.
*APY= Annual Percentage Yield, effective as of 11/14/2022, and reflects the current minimum APY offered, and assumes principal and interest remain on deposit until maturity. Early withdrawal penalties may apply and reduce earnings. Rates subject to change without notice. *
NCUA INSURED: Your savings is federally insured to at least $250,000 and backed by full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency.