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

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
  • No fees for incoming or outgoing transfers
  • Redirect investments annually without penalty to improve yield
  • $500 deposit to open
  • FDIC and SIF 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Traditional IRAs allow you to defer taxes on your earnings until they are withdrawn.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
  • Unlimited check writing
  • Withdrawals can begin at age 59 1/2
  • Early withdrawals subject to penalty1
  • Mandatory withdrawals begin at age 70 1/2
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.

  • Interest earnings are tax free
  • Contributions are NOT tax deductible
  • Principal can be withdrawn penalty-free
  • Withdrawals of earnings can begin at age 59 1/2; early withdrawals subject to penalty1
  • No mandatory withdrawals
1Certain exceptions apply. Non-penalized withdrawals include healthcare, purchasing first home, etc.

Looking For A Different Personal Savings Account?

We have a variety of options, and we know we have the perfect personal savings account for you.