Individual Retirement Accounts (IRAs)

We offer a variety of IRAs to meet your individual needs!

• Traditional IRAs
• Roth IRAs

 

Which IRA is best for me? Here are few general rules:

Choose a Traditional IRA if:

• You want the tax deduction right now
• You anticipate paying taxes at a significantly lower rate in retirement

Choose a Roth IRA if:

• You don’t need the tax break right now
• You want a more flexible investment (no mandatory distributions and you can withdraw funds at any time)

Should you convert other IRAs or retirement assets to a Roth IRA? Learn more.

Rates for IRA savings accounts and IRA certificates

• IRAs may be invested in an IRA savings account or an IRA certificate¹
• Deposits can be made through payroll deduction or direct deposit or in person at any of our branches
• Deposits may be made at any time
• IRAs are insured by the federal government for balances up to $250,000.

How do I open an IRA?

Give us a call or stop by any branch. We’ll be glad to help you select the account that best fits your needs and financial goals.