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A Roth IRA is a retirement account that allows your contributions to be withdrawn tax free, however, there is no tax deduction in the year you make the contribution deposit.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- Contributions and subsequent earnings are tax-free when withdrawn to pay for qualified education expenses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
| TERM | RATE | APY |
|---|---|---|
| 24 months | .50% | 0.501% |
| 36 months | 1.35% | 1.358% |
| 60 months | 2.25% | 2.273% |
Share IRA Rates
| Balance | Rate | APY |
|---|---|---|
| $ 500 to 9,999.99 | 0.35% | .350% |
| $10,000 to 49,999.99 | 0.45% | .451% |
| $50,000 to 99,999.99 | 0.50% | 0.501% |
| $100,000 and over | 0.50% | 0.501% |
Rates are subject to change after account opening.
Early withdrawal penalties may apply.