IRA

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A Roth IRA is a retirement account that allows your contributions to be withdrawn tax free, however, there is no tax deduction in the year you make the contribution deposit.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• Contributions and subsequent earnings are tax-free when withdrawn to pay for qualified education expenses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

IRA CERTIFICATE (Effective 6/30/2020)	RATE	APY
24 months	0.80%	0.803%
36 months	0.90%	0.904%
60 months	1.00%	1.005%
* APY is Annual Percentage Yield

Share IRA Rates

Balance	Rate	APY
$ 500 to 9,999.99	0.30%	.350%
$10,000 to 49,999.99	0.40%	.451%
$50,000 to 99,999.99	0.45%	0.501%
$100,000 and over	0.45%	0.501%

Rates are subject to change after account opening.
Early withdrawal penalties may apply.