Home > Personal Banking > Individual Retirement Accounts

Individual Retirement Accounts

 

Saving for retirement is a key part of a solid financial plan. The more you save now, the more you'll have for your retirement years.

 

Traditional IRA
With a Traditional IRA*, your earnings grow tax-deferred until you withdraw the funds at age 59 ˝.  You may choose from any one of our Certificate of Deposit products to begin your Individual Retirement Account.  Contributions to a Traditional IRA may be tax-deductible.  We accept transfer and rollover contributions from other IRA Plans.
 
Roth IRA
With a Roth IRA, contributions are made with after-tax dollars.  Your earnings are tax free if you withdraw after age 59 ˝ and you’ve had the account for at least five years.  We accept transfer and rollover contributions from other IRA Plans.

View our rates

 

*You must be under age 70 1/2 to open and contribute to an IRA.  Contributions may be deductible or non-deductible from income tax based upon income levels and your participation in an employer sponsored retirement plan.  Earnings on IRA contributions are tax deferred until time of withdrawal.  The maximum annual contribution to all IRAs cannot exceed $5,000.