We know you've seen them — those people in Hawaiian shirts and flip flops catching a flight to some exotic destination on a Tuesday. By saving for your retirement early, that could be you.

Make your years of hard work pay off in a big way with a Traditional or Roth IRA. Reach out to us to open up your account — and start picking out your Hawaiian shirts now.

Details
  • Competitive interest above standard savings rates
  • Traditional and Roth IRA options
  • No setup fees
  • No monthly or annual maintenance fees
  • $5,500 contribution limit per year
  • Additional $1,000 "catch-up" contribution allowed for ages 50+
  • Funds can be used to purchase share certificates within IRA
  • $1 minimum deposit to open
Traditional vs. Roth

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

  • Earnings are tax-deferred until withdrawal
  • Contributions are tax-deductible on current tax returns
  • No initial setup or maintenance fees
  • Maximum contribution of $5,500 per year or $6,500 if you are over 50 years of age*
  • Penalties for early withdrawal, except under certain situations**
  • Must begin distributions at 70½ years of age
  • IRA certificates and savings account available

Roth IRA

  • Earnings grow tax-free
  • Withdrawals are tax-free
  • You may withdraw contributions at any time
  • Contributions are not tax-deductible
  • Maximum contribution of $5,500 per year or $6,500 if you are over 50 years of age*
  • Penalties for early withdrawal of earnings, except under certain situations**
  • Contributions after age 70½ are allowed
  • No mandatory distributions at age 70½
  • IRA certificates and savings account available

*Maximum contribution may vary based on income and filing status.

**There is no early withdrawal penalty in the case of: over 59½ years of age, first time home purchase, qualified college expenses, qualified medical expenses, death or disability.

Coverdell ESA

Give the gift that keeps on giving — an education! Set up a Coverdell ESA to start saving for your child's college tuition early.

  • Earnings grow tax-free
  • Withdrawals are tax-free
  • Contributions are not tax-deductible
  • Maximum contribution of $2,000 per year per beneficiary
  • Contributions do not count against limits of other IRAs
  • Distributions are penalty-free at any time if used for qualified education expenses*
  • Distributions must be complete after beneficiary turns 30 years old or dies
  • IRA certificates and savings account available

*Penalty will apply if used for something other than qualified education expenses.

We'd love to see you!