Rates Effective October 3rd, 2024
Open an Individual Retirement Account (IRA)
Term | Minimum Balance2 | APY* |
---|---|---|
30 Month | $1,000 | 4.25% |
New Members taking advantage of our CD rates is as simple as visiting your nearest branch.
Traditional IRA
Offers an immediate tax benefit for qualified taxpayers, since contributions may be fully or partially deductible. The money in your Traditional IRA (including earnings) is generally not taxed until you make a withdrawal.
Roth IRA
Roth IRA's do not offer a deduction for your contributions. However, as long as you follow the IRS requirements, you may never have to pay tax on your earnings. Early withdrawals are allowed under certain conditions.
SEP IRA
SEP IRA's provide an easy way for employers and self-employed individuals to set up a retirement account, with higher contribution levels than Traditional or Roth IRAs in many cases.
Short-Term IRAs
Term | APY* |
---|---|
30 Day | 0.05% |
3 Month | 0.15% |
6 Month | 0.30% |
12 Month | 0.40% |
Long-Term Share IRAs
Term | APY* |
---|---|
18 Month | 0.50% |
24 Month | 0.50% |
36 Month | 0.50% |
48 Month | 0.50% |
60 Month | 0.50% |
Always consult your tax advisor for any questions.
*APY = Annual Percentage Yield.
2. Minimum balance to open is $1,000.00. The stated APY assumes that the dividends will remain on deposit until maturity. Rate is subject to change at any time. Available on IRA accounts. A penalty for early withdrawal may apply. This offer can be withdrawn at any time.