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Invest in your future. Prepare for your retirement with an IRA.

Rates

Key Features

  • Competitive Dividends
  • No Setup or Maintenance Fees
  • Tax Advantages*

 IRA Certificates

  • Fixed dividend rate is set when you open your certificate for a fixed length of time2
  • Compounding dividend is paid quarterly and at maturity
  • $1,000 or $10,000 minimum deposit to open
  • Federally insured by the NCUA up to $250,000

 IRA Savings

  • Competitive dividends above standard savings rates
  • Traditional and Roth IRA options
  • No setup fees
  • No monthly or annual maintenance fees
  • Annual contribution limits apply (see current contribution limits; $6,000 as of 2019)1,3
  • $25 minimum deposit to open
  • Federally insured by the NCUA up to $250,000 

Market Rate IRA

  • Competitive dividends above standard savings rates
    • Pays a market rate dividend that is declared at the end of each month
  • Traditional and Roth IRA options
  • No setup fees
  • No monthly or annual maintenance fees
  • Annual contribution limits apply (see current contribution limits; $6,000 as of 2019)1,3
  • $25 minimum deposit to open
  • Federally insured by the NCUA up to $250,000 

1Consult a tax advisor.

2A dividend penalty may be assessed for early withdrawal

3Additional $1,000 "catch-up" contribution allowed for ages 50+

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 greater 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 59½2
  • Mandatory withdrawals at age 70½

Roth IRA

  • Income limits apply 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  • Principal contributions can be withdrawn without penalty1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 59½2
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income 

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

2Early withdrawals subject to penalty. Certain exceptions apply, such as healthcare, purchasing first home, etc.

3Consult a tax advisor.

Create an easier transition into college for yourself and your student by setting up a savings account early. A Coverdell Education Savings Account (ESA) provides a tax-free safe place to grow competitive dividends and also financial confidence for a new stage in life.

  • Set aside funds for your child's education
  • No setup or annual fee
  • Dividends grow tax-free
  • Withdrawals are tax-free and penalty-free when used for qualified education expenses1
  • Designated beneficiary must be under 18 when contributions are made2
  • Contributions are not tax-deductible
  • $2,000 maximum annual contribution per child
  • The money must be withdrawn by the time he or she turns 303
  • The ESA may be transferred without penalty to another member of the family
  • No minimum deposit to open 

1Qualified expenses include tuition and fees, books, supplies, board, etc. 

2To contribute to an ESA, certain income limits apply. Consult your tax advisor to determine your contribution limit.

3Those earnings are subject to income tax and a 10% penalty.

*Consult a tax advisor.