Your golden years should be your best years. Start saving toward them with one of our IRAs — and ensure they shine bright.

Rates

Key Features

  • Earn Competitive Dividends
  • Access Tax Advantages*
  • No Minimum Balance Requirements
  • Save for retirement with tax advantages*
  • Earn competitive dividends above standard savings rates
    • Compounded and credited monthly
  • Traditional, Roth, and Coverdell ESA options available
  • No minimum balance requirements
  • $25 annual fee
  • Annual contribution limits apply (see current contribution limits; $6,000 as of 2022)*
  • Additional $1,000 "catch-up" contribution allowed for ages 50+
  • Funds can be used to purchase term certificates within IRA
  • Insured by the NCUA
  • $100 minimum deposit to open

View Rates

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 most 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 59½
  • Early withdrawals subject to penalty2
  • Mandatory withdrawals at age 70½

Roth IRA

  • Income limits to be eligible 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  • Principal contributions can be withdrawn without penalty1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 dividends can begin at age 59½
  • Early withdrawals on dividends subject to penalty2
  • 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.

2Certain exceptions apply, such as healthcare, purchasing first home, etc.

3Consult a tax advisor.

Higher education can become a financial burden. A Coverdell Education Savings Account (ESA) is designed to help lighten the load.

  • Set aside funds for your child's education
  • Dividends grow tax-free*
  • Withdrawals are tax-free and penalty-free when used for qualifying education expenses*
  • Designated beneficiary must be under 18 when contributions are made
  • To contribute to an ESA, certain income limits apply*
  • Contributions are not tax deductible
  • Contributions are allowed regardless of traditional or Roth IRA participation
  • $2,000 maximum annual contribution per child
  • The money must be withdrawn by the time beneficiary turns 30
  • The ESA may be transferred without penalty to another member of the family

*Consult a tax advisor.

What's Next Out West

Check out our newest promos and events!

Stay in the know