We offer a variety of IRAs including IRA Savings accounts and IRA Certificates. You can open a Traditional or Roth IRA with as little as $25. Transfers from IRAs at other institutions, or rollovers from your Employer’s Retirement Plan do not require an initial contribution. Visit any location or contact us for more information and to open your account.
A Traditional IRA is a great investment option for individuals who want to save for retirement while possibly reaping tax benefits now. All contributions are made with earned income and may be fully or partially tax deductible* depending on factors such as adjusted gross income (AGI), tax filing status, and active participant status in a qualified plan. Generally, anyone with earned income may contribute to a Traditional IRA.
Roth IRAs provide flexibility not available through Traditional IRAs regarding contributions and distributions. All Roth IRA contributions are funded with after-tax dollars and offer tax-free accumulation, as well as tax-free qualified distributions provided certain guidelines are met. Contributions to a Roth IRA can be made at any age as long as you have earned income. Contribution eligibility for a Roth IRA also depends on your modified adjusted gross income (MAGI) and tax filing status. There are no required minimum distributions.