Individual Retirement Accounts

Have you started saving for your retirement?  Start building now for your future even if your employer doesn’t offer a retirement plan.  We offer two types of IRAs – Traditional IRA and Roth IRA.

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Traditional IRA

  • $100 minimum opening deposit
  • Deposits may be made in amounts of $50 or more, up to a maximum of $6,000 annually
  • Interest paid compounded quarterly
  • Contributions may be tax deductible
  • IRA account holders age 50 or better may deposit an additional $1,000 annually
  • No fees or service charges
  • Required minimum distribution at age 72

 

ROTH IRA

  • $100 minimum opening deposit
  • Deposits may be made in amounts of $50 or more, up to a maximum of $6,000 annually
  • Distributions can be tax free if certain requirements are met
  • No fees or service charges
  • IRA account holders age 50 or better may deposit an additional $1,000 annually
  • No required minimum distribution

 

View our Deposit Rates