Individual Retirement Accounts (IRAs)

Retirement may seem far away, but it will be here before you know it. Plan your financial future by starting your savings plan now. We offer traditional and Roth IRAs, each with their own unique tax advantages. Let us sit down with you and help you get the account you need today to help improve your tomorrow. Additional terms, conditions, and fees may apply.

Why Choose an Individual Retirement Account (IRA)

Set aside funds for retirement
Traditional and Roth IRAs available
Special tax benefits for each¹
No setup fees or monthly charges

$500 deposit to open
FDIC and DIF insured

¹Consult your tax advisor.

Traditional IRA

Traditional IRAs allow you to defer taxes on your earnings until they are withdrawn. In addition, certain contributions are tax deductible in the tax year for which they are made.

Interest earnings are tax deferred until withdrawal
Contributions are tax deductible
Withdrawals can begin at age 59 1/2

Early withdrawals subject to penalty¹
Mandatory withdrawals begin at age 73

¹Certain exceptions apply. Non-penalized withdrawals include healthcare, purchasing first home, etc.

Roth IRA

The Roth IRA is non-tax deductible for contributions, but features tax-free withdrawals after age 59 1/2, or for certain distribution reasons after a 5-year holding period.