Personal Banking

Individual Retirement Account (IRA)

As we grow so should our money! An IRA Account is an important part of any retirement savings plan and it's never too early to start planning. There are two account options to choose from, IRA Savings and IRA Certificates.

IRA Savings Key Features:

$5 minimum deposit
Make single deposits or arrange for automatic transfers from savings or checking

IRA Certificate Key Features:

$100 minimum deposit
Same terms as regular certificates

Savings dividends are earned and posted monthly based on the average daily balance in your account. Certificate dividends are compounded and credited to your account monthly. You may choose to have your dividends posted to this account or another account every month. Please note if you close your account before dividends are paid, you will not receive the accrued dividends.

Learn more!

You can add deposits into this account up to the annual limit, which is dependent on your age. When opening an IRA, choose between a Traditional and a Roth IRA. Traditional IRAs allow you to defer taxes on your earnings until the money is withdrawn. Roth IRAs feature tax-free withdrawals for certain distribution reasons after a five-year holding period. For tax advice, consult a tax advisor.

Additional Account Features:

Access your account 24/7 with our Free Online Banking
Quarterly eStatements available online, opt-in today!
IRA Certificate automatically renews for the same term at maturity. You may request to roll the funds over to a different term. At maturity is the time you may add or withdraw funds from the certificate.