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Individual Retirement Accounts
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Individual Retirement Accounts (IRA’s)

IRA Savings (Traditional & Roth)

Your annual contribution may be deductible, giving you a tax break while you are working.

  • Open your account with as little as $25.00
  • You can add to your account at anytime by making contributions in person, mail, payroll deduction, automatic payment transfer ACH periodic deposits. Subject to IRS limitations.
  • Can be rolled into a traditional IRA Certificate once balance reaches $1,000.
  • No monthly or yearly maintenance fees.
  • Early withdrawal fees may apply

Coverdell Educational Savings Account

  • Open your account with as little as $25
  • You can add to your account at anytime by making contributions in person, mail, payroll deduction, automatic payment transfer, ACH periodic deposits. Subject to IRS limitations.
  • Contributions can only be made for individuals under the age of 18.
  • May be used penalty-free for qualified educational expenses. Subject to IRS limitations.
  • No monthly or yearly maintenance fees
  • Can be rolled into a Coverdell Educational Certificate once balance reaches $1,000

Traditional & Roth Term Certificates

  • To open an IRA Term Certificate, all you need is a minimum of $1,000.
  • Great investment alternative
  • You can rollover from a Share IRA once you get to $1,000, transfer from another institution, or rollover from a qualified retirement plan.
  • No monthly or yearly maintenance fees
  • Dividends are compounded monthly and credited monthly
  • Early withdrawal fees may apply

Coverdell Educational Term Certificate

  • To open a Coverdell Educational Term Certificate all you need is a minimum of $1,000
  • You can rollover from a Coverdell Educational Savings Account once you get to $1,000 or transfer from another institution
  • No monthly or yearly maintenance fees
  • Contributions can only be made for individuals under the age of 18. Subject to IRS limitations.
  • Early withdrawal fees may apply

 

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