Retire
IRA (Individual Retirement Accounts)
Look at the different IRA options and see what's best for you to earn for retirement.
- Choose between a Traditional or Roth IRA
- Select a Share Certificate or Savings Account
We recommend you consult with your tax professional for more information on how to reach your retirement goals
Traditional IRA
Traditional IRA contributions can be tax deductible in the year the contributions are made. The taxes on these earnings are deferred until the time of withdrawal. Traditional IRAs are funded with pre-tax dollars.
- $50 opening balance
- Allows contributions each pay period
- Interest compounded and earned monthly
Roth IRA
Roth IRAs allow only non-deductible contributions but feature tax-free withdrawals for certain distribution reasons after a five-year holding period.
- $50 opening balance
- Allows contributions each pay period
- Interest compounded and earned monthly
