Individual Retirement Accounts

It's never too early to start saving for retirement, especially when you put funds in an account where they'll receive tax-advantages.

If you're under age of 70½ and you earn income, check with your tax adviser to see if a traditional IRA is right for you.

• Contributions are tax deductible*
• Interest earnings are tax deferred
• Withdrawals can begin at age 59½
• Early withdrawals subject to penalty**
• Mandatory withdrawals begin at age 70½
• Annual contributions may not exceed $5,000
• $1000 deposit to open
• NCUA insured

IRA Passbook

An IRA Passbook features all the same benefits of a traditional IRA, but can be opened with as little as $5. Additional contributions can be made in increments, making it a great tool for saving a little at a time, until you reach the necessary $1000 minimum for a certificate IRA.

Check out our rates.

Try our savings goal calculator.

*Please consult your tax advisor.

**Certain exceptions apply, such as healthcare, purchasing first home, and others.

Depending on your annual income, you may be eligible to open a Roth IRA and enjoy tax-free earnings.

• Tax-free earnings*
• Contributions are not tax-deductible
• No mandatory distribution age
• Funds available for withdrawal at age 59½
• Annual contributions may not exceed $5,000
• Principal can be withdrawn free of penalty*
• Early interest withdrawals subject to penalty**
• $1000 deposit to open
• NCUA insured

IRA Passbook

An IRA Passbook features all the same benefits of a traditional IRA, but can be opened with as little as $5. Additional contributions can be made in increments, making it a great tool for saving a little at a time, until you reach the necessary $1000 minimum for a certificate IRA.

Check out our rates.

Try our savings goal calculator.

*Please consult your tax advisor.

**Certain exceptions apply, such as healthcare, purchasing first home, and others.

Save for educational expenses and get tax free earnings with an education IRA, otherwise known as the Coverdell Education Savings Account (Coverdell ESA).

• Earnings are tax free*
• Contributions are not tax-deductible
• Funds for educational purposes
• No income restrictions or limits to open
• Beneficiary must be under 18 at time of opening
• Beneficiary does not have to be a relative
• Annual contributions may not exceed $2,000
• $100 deposit to open
• NCUA insured
• Mandatory distributions begin if balance remains when beneficiary reaches age 30

Check out our rates.

Try our savings goal calculator.

*Tax free if used for qualified education expenses. Please consult your tax advisor.