Individual Retirement Accounts

Federally insured up to $250,000

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Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the US Government.

Questions?

Call Us: (800) 360-6892

Individual Retirement Accounts

We offer Traditional, Roth and Education IRA Accounts with no annual fee. Dividends are compounded and paid quarterly, using an average daily balance method.

Individual Retirement Accounts (IRAs) are a tax advantaged way to plan for your retirement. Start saving for your long term goals today! Fund your IRA as a savings account or a certificate of deposit.

A Traditional IRA is a retirement account that offers the flexibility of making tax deductible contributions. Deposits to the account are tax deductible in the year the deposit is made.

  • Dividends paid monthly
  • Earnings grow tax deferred
  • No minimum balance on IRA Savings Accounts; minimums do apply on IRA Certificates of Deposit
  • Penalties may apply for early withdrawal

A Roth IRA is a retirement account that allows your contributions to be withdrawn tax free, however, there is no tax deduction in the year you make the contribution deposit.

  • Dividends paid monthly
  • No minimum balance on IRA Savings Accounts; minimums do apply on IRA Certificates of Deposit
  • Qualified withdrawals are tax free
  • No mandatory withdrawals
  • Qualified education expenses are penalty free

A Coverdell Education Savings Account (ESA) is an investment vehicle to help you save for a child’s education.

  • Dividends paid monthly
  • No minimum balance on Savings Accounts; minimums do apply on Certificates of Deposit
  • Contributions and subsequent earnings are tax-free when withdrawn to pay for qualified education expenses

IRA Certificate Rates

11 month Special 5.10% 5.22%
24 Months 3.75% 3.81%
36 Months 3.25% 3.30%
48 Months 3.00% 3.04%
60 Months 2.75% 2.78%

Share IRA Rates

$500 to $9,999.99 0.30%
$10,000 to $49,999.99 0.40%
$50,000 to $99,999.99 0.45%
$100,000 and over 0.45%

Rates are subject to change after account opening.

Rates effective 4/24/24

$500 minimum to open an IRA certificate

Early withdrawal penalties may apply.

*APY= Annual Percentage Yield and reflects the current minimum APY offered, and assumes principal and interest remain on deposit until maturity. Early withdrawal penalties may apply and reduce earnings. Rates subject to change without notice. *

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