Traditional IRA

Benefits and features:

• All or part of your IRA contributions may be tax-deductible, which may reduce your taxable income
• Tax-deferred growth¹ and a potential tax deduction
• Many retirees are in a lower tax bracket when they make withdrawals¹
• No income restrictions when making contributions¹

Eligibility and requirements

• Anyone with earned income in the current tax year can contribute to an IRA
• Maximum contribution to an IRA: $6,000 in a tax year‎
• Individuals over age 50 may be eligible for an additional $1,000 contribution

Eligibility for taking a tax deduction from a traditional IRA depends upon many factors such as income, marital status and participation in an employer-sponsored retirement plan.‎

IRA Savings

Our IRA Savings lets you enjoy the tax benefits of our Traditional IRA while earning interest on the money you put into the account.‎

IRA CD

Our IRA CD lets you enjoy tax advantages and earn higher interest while setting your own terms.‎ Certificates of deposit are available as Traditional, ROTH or SEP IRA options. Your IRA contribution may be tax deductible, so please remember to consult your tax advisor.‎

See Current Interest Rates