Your golden years should be your best years. Start saving toward them with one of our IRAs — and ensure they shine bright.
- 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
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.
- 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
- 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- Principal contributions can be withdrawn without penalty1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- The money must be withdrawn by the time beneficiary turns 30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.