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IRA

IRABuild today for a secure tomorrow.

Take advantage of this tax deferred savings. Terms include 12, 36 and 60 months, and IRA certificates rates are higher than our standard term Certificates of Deposit.


What is a Traditional IRA?

  • A Traditional IRA allows eligible individuals to invest up to $4,000 of earned income, tax-deferred until age 70 1/2.
  • Plus, contributions to Traditional IRAs are tax-deductible for many taxpayers. Over time, these tax benefits can result in significant investment income and growth.
  • If you are 50 years or older, you may contribute up to $5,000.

    Who is eligible to contribute, and how much?

  • Any individual under the age of 70 1/2 who has earned income.
  • You may contribute up to a maximum of $4,000 of earned income. If you are 50 years or older, you may contribute up to $5,000.
  • Even if your spouse is not working, you may contribute up to $4,000 into your spouse's IRA, if your earned income allows it.

    • Are my contributions tax-deductible?

  • The deductibility of your annual contribution depends on your income, marital status and whether you and your spouse receive benefits under an employer's retirement plan.
  • For those who are active participants in an employer plan, the ability to fully deduct contributions are limited.


    • To open a IRA account contact us at 800-388-7000 or visit your local service center.


    Key Benefits

    • No maintenance fees
    • Low minimum deposit requirements
    • Contributions may be tax deductible
    • Highly competitive rates
    • As IRA Certificates: 1, 3, or 5 year terms with a $500 opening deposit and a guaranteed rate of return
    • As an IRA Money Market Account, rates are tiered by balance, no opening deposit amount is required, and contributions can be made by automatic transfer from your checking account
    *Consult your tax advisor about potential tax benefits.