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Give yourself the retirement you deserve by saving for it now — it’s never too early or too late to get started.

Key Features

  • Tax Advantages*
  • Competitive Interest
  • No Setup or Maintenance Fees
  • Tax-advantaged retirement savings*
  • Competitive interest rates above standard savings interest rates
  • Traditional, Roth, and SEP IRA options
  • Coverdell Educational Savings Accounts (ESAs) also available
  • No setup fees
  • No monthly or annual maintenance fees
  • Annual contribution limits apply (see current contribution limits; $6,000 as of 2019)*
  • Additional $1,000 "catch-up" contribution allowed for ages 50+
  • Fixed and variable interest rate IRAs available
  • $2,000 minimum deposit to open

Traditional and Roth IRAs each help you save for retirement. But they're taxed in different ways. Compare traditional vs. Roth IRAs below. Then consult a tax advisor to determine which type of IRA is right for you and your family.

Traditional IRA

  • Flexible contribution options available
  • Contributions are eligible to be tax-deductible*
  • Earnings are tax deferred until withdrawal
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty**
  • Mandatory withdrawals begin at age 70½

Roth IRA

  • Income limits to be eligible to open Roth IRA***
  • Contributions are NOT tax deductible
  • Earnings are tax free at withdrawal*
  • Principal contributions can be withdrawn without penalty*
  • Withdrawals can begin at age 59½ penalty-free
  • Early withdrawals subject to penalty**
  • No mandatory distribution age
  • No contribution age limit as long as you have earned income

*Subject to certain conditions. Consult a tax advisor.

**Certain exceptions apply. Consult a tax advisor.

***IRS changes figures annually. Consult a tax advisor.

An ideal option for businesses of any size or self-employed individuals. Gain the respect of your employees by helping them reach their retirement savings goals. Employees always have complete ownership of all SEP IRA money.

  • Small business employer makes contributions as retirement plan for their employees
  • Account holder must have earned income and file a tax return
  • Must be under age 70½
  • No minimum age to open
  • Contribution limits and can make contribution up to April 15 for previous year
    • As long as they have not filed tax return yet for that year
  • Contributions are deducted and earn tax-deferred income
  • Types of contributions can be regular, spousal, rollover, direct rollover, re-characterization, or transfer
  • IRA penalty free distributions after age 59½
  • Distributions before age 59½ subject to IRS penalty and bank penalty if withdrawn before maturity

Create an easier transition into college for yourself and your student by setting up a savings account early. A Coverdell Education Savings Account (ESA) provides a tax-free safe place to grow contributions at a competitive rate.

  • Tax-free* educational savings account for children up to age 18
  • Used for qualified educational expense, includes any level of education
  • No age limit for those who contribute to CSA on behalf of the minor
  • Contributor does not have to have earned income
  • If contributor has earned income, it cannot exceed maximum modified Adjusted Gross Income (MAGI) for eligibility to contribute to CESA
  • Contributions for special needs children may continue after minor reaches age 18
  • $100 minimum deposit to open

*Consult a tax advisor.

*Consult a tax advisor.