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After years of paying your dues, you deserve the perfect retirement. Let us help you get there.

Key Features

  • Competitive Interest
  • No Setup or Monthly Fees
  • Tax Advantages1
  • Competitive interest above standard savings rates *See Rates at the top of the page for more information
  • Traditional and Roth IRA options
  • No setup fees
  • No monthly or annual maintenance fees
  • Annual contribution limits apply (see current contribution limits; $6,000 as of 2019)
  • 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

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

  • 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  • Principal contributions can be withdrawn without penalty1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

1Subject to some minimal conditions. Consult a tax advisor.

2Certain exceptions apply, such as healthcare, purchasing first home, etc. 

3Consult a tax advisor.

Create an easier transition into college for yourself and your student by setting up a savings account early. A Coverdell Education Savings Account (ESA) provides a tax-free place to grow competitive interest — and financial confidence for a new stage in life.

  • Set aside funds for your child's education
  • No setup or annual fee
  • Interest grows tax-free
  • Withdrawals are tax-free and penalty-free when used for qualified education expenses1
  • Designated beneficiary must be under 18 when contributions are made
  • To contribute to an ESA, certain income limits apply2
  • Contributions are not tax deductible
  • $2,000 maximum annual contribution per child
  • The money must be withdrawn by the time he or she turns 303
  • The ESA may be transferred without penalty to another member of the family
  • $500 minimum deposit to open

1Qualified expenses include tuition and fees, books, supplies, board, etc.

2Consult your tax advisor to determine your contribution limit. 

3Those earnings are subject to income tax and a 10% penalty.

The Interest rate for your account will be paid until the maturity date of your certificate.  Interest is compounded and paid semi-annually or at maturity, whichever occurs first.  Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

The account will automatically renew at maturity.  You will have 10 calendar days from the maturity date to withdraw your funds without being charged a penalty.  Withdrawls are not allowed from this account. 

The daily balance method is used to calculate the interest on your account.  This method applies a daily periodic rate to the principal in the account each day. 

Jump Rate Certificates

You may change the interest rate on your account once during the term of your certificate to the current interest rate offered by us.

1Early withdrawals may result in the following penalties: 

Term

Penalty

91-day CD

3 months’ interest

182-day CD

3 months’ interest

12-month CD

3 months’ interest

18-month CD

6 months’ interest

30-month CD

12 months’ interest

48-month CD

12 months’ interest

60-month CD

12 months’ interest