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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.

Rates

  • 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

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.

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.

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