• Competitive interest above standard savings rates
• Traditional and Roth IRA options
• No setup fees
• No monthly or annual maintenance fees
• $6,500 contribution limit per year
• Additional $1,000 “catch-up” contribution allowed for ages 50+
• Funds can be used to purchase CDs within IRA
• $1,000 minimum deposit to open

Traditional Vs. Roth

Traditional and Roth IRAs both offer tax-advantages to your saving. Traditional IRAs are taxed at the time of withdrawal, so you don’t pay income tax upfront on what you contribute. 

A Roth IRA is tax-exempt, meaning you can withdraw savings tax-free at the appropriate age. But you still pay your taxes on your full income, regardless of contribution level. Consult a tax advisor to see which IRA is right for you. 

Traditional IRA

• No income limits to open
• No minimum contribution requirement
• Contributions are tax-deductible on state and federal income tax¹
• Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
• Withdrawals can begin at age 59 ½
• Early withdrawals subject to penalty²
• Mandatory withdrawals at age 70 ½ 

Roth IRA

• Income limits to be eligible to open Roth IRA³
• Contributions are NOT tax-deductible
• Earnings are 100% tax-free at withdrawal¹
• Principal contributions can be withdrawn without penalty¹
• Withdrawals on interest can begin at age 59 ½
• Early withdrawals on interest subject to penalty²
• No mandatory distribution age
• No age limit on making contributions as long as you have earned income