• Save for retirement with tax-advantages*
• Traditional or Roth options available
• Earn competitive interest at a higher rate than standard savings
• No monthly or annual service fees
• No setup fees
• Annual contribution limits apply (see current contribution limits)
• Additional "catch up" contribution allowed for members age 50 and better
• Deduct contributions from your paycheck, checking, or savings
• Early withdrawal penalties may apply
• $1,000 minimum deposit to open

*Consult a tax advisor.

Depending on your retirement goals, you may want to open a traditional IRA or a Roth IRA. We can help you find which IRA is right for you — simply contact us or stop by one of our locations for answers to your IRA questions.

Traditional IRA

• No income limits to open
• No minimum contribution requirement
• Contributions are tax deductible on state and federal income tax* Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
• Withdrawals can begin at age 59 ½
• Early withdrawals subject to penalty**
• Mandatory withdrawals at age 73

Roth IRA

• Income limits to be eligible to open Roth IRA*** Contributions are NOT tax deductible
• Earnings are 100% tax free at withdrawal*
• Principal contributions can be withdrawn without penalty* Withdrawals on interest can begin at age 59 ½
• Early withdrawals on interest subject to penalty**
• Mandatory withdrawals at age 73
• No age limit on making contributions as long as you have earned income

*Subject to some minimal conditions. Consult a tax advisor.

**Certain exceptions apply, such as healthcare, purchasing first home, etc.

***Consult a tax advisor.