IRAs

We know savings for your future is important to you and that’s why it’s important to us. We offer a variety of Individual Retirement Account Options to help you on your road to retirement.

It’s never too early or too late to start saving. Be sure to contact your financial planner to help assist you with which account would work best for you.

Traditional IRA:

  • No monthly service fee
  • $50 minimum balance to open and earn dividends
  • Tax-deferred earned and possibly tax-deductible contributions
  • $6,000 maximum annual contribution
  • No penalties if withdrawals are made at 59.5 or older
  • Minimum withdrawals must be made by the age of 70.5
  • Withdrawals may be considered taxable
  • Federally insured by NCUA up to $500,000

Roth IRA:

  • No monthly service fee
  • $50 minimum balance to open and earn dividends
  • Contributions are not tax-deductible and can be made up to any age
  • Withdrawals are tax-deductible after 5 year holding period
  • $6,000 maximum annual contribution
  • Begin withdrawing at 59.5 years old
  • Federally insured by NCUA up to $500,000

Coverdell IRA:

  • No monthly service fee
  • $50 minimum balance to open and earn dividends
  • $2,000 maximum annual contribution per child
  • Contributions can be made until the child is 18 years old
  • Withdrawals are tax free when used for qualified educational expenses
  • Contributions are taxable
  • Federally insured by NCUA up to $500,000

Visit our Retirement Center for more information.
Check out our rates.

*Be sure to consult your financial advisor.