Individual Retirement Accounts
Smart savings plans to allow you to make either tax-deferred or tax-free contributions. Depending upon your needs, choose from a Traditional IRA, a Roth IRA, or an Employer Impact IRA. Tax-deferred interest is compounded and paid monthly.
- A Traditional IRA is for making contributions to your retirement account with pre-taxed money. Contributions are tax-deductible so withdrawals are taxed at your tax rate at the time of your retirement.
- A Roth IRA is for making contributions to your retirement account with post-taxed money. Contributions are not tax-deductible so withdrawals are tax-free at the time of retirement.
- An Employer Impact IRA is a 12-month IRA certificate that transfers funds (transfer or rollover) from an employer sponsored retirement plan because that employer has ceased operations and/or is no longer in business.
Open your retirement account online or visit an office and speak with one of our Financial Service Specialists
to see which option is best for you.
Certificate of Deposit (CD)
A deposit account offering higher yields with a maturity ranging from six-months to 36 months.