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Hard work pays off. Our tax-advantaged1 IRAs make sure that payoff is even higher.

Key Features

  • Competitive Interest
  • Tax Advantages1
  • No Setup or Monthly Fees
  • Experience tax-advantaged retirement savings1
  • Competitive interest above standard savings rates
  • Traditional and Roth IRA options are available
  • SEP is also available for self-employed customers
  • No setup fees
  • No monthly or annual maintenance fees
  • Annual contribution limits apply
  • Additional $1,000 “catch-up” contribution allowed for ages 50+2
  • Funds may be used to purchase CDs within your IRA
  • $500 minimum deposit to open

Schedule of Fees

1Consult a tax advisor.

2As of 2014; IRS may change figure annually.

There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.

Traditional IRA

  • No income limits to open
  • No minimum contribution requirement
  • Contributions are tax deductible on state and federal income tax1
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty2
  • Mandatory withdrawals at age 70½

Roth IRA 

  • Income limits to be eligible to open Roth IRA3
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal1
  • Principal contributions can be withdrawn without penalty1
  • Withdrawals on interest can begin at age 59½
  • Early withdrawals on interest subject to penalty2
  • No mandatory distribution ages
  • No age limit on making contributions as long as you have earned income

1Subject to some minimal conditions. Consult a tax advisor.

2Certain exceptions apply, such as healthcare, purchasing first home, etc. 

3Consult a tax advisor.