A Traditional IRA is a potentially tax deferred** retirement plan. You don’t pay taxes on the contributions until the funds are withdrawn. You are eligible to make contributions to a Traditional IRA as long as you have earned income and are under the age of 70 ½.
Put your Traditional Retirement Funds in either a Traditional IRA Savings Account or Traditional IRA Certificate.
|Type||IRA Savings||12 Month Add On Certificate||12/18/30 Month IRA Certificate|
|Minimum deposit required to start saving||$25*||$100||$500|
* Transfers from IRAs at other institutions, or rollovers from your Employer’s Retirement Plan do not require an initial contribution. Visit any convenient branch or contact us for more information and assistance with paperwork.
**Please consult your tax advisor as an IRA may have tax advantages.
Click here for more information on dollar limitations on benefits and contributions.