Choose Traditional or Roth
We offer a traditional IRA Option as well as a Roth option for both Savings and Certificates of Deposit (CD).
IRA Savings
Ideal for those who want a fee free account with no minimums or requirements.
|
Interest compounded daily |
|
FDIC Insured |
|
$250 initial deposit |
IRA Certificate of Deposit (CD)
Ideal for those who want a fee free account with no minimums or requirements.
|
Interest compounded daily |
|
FDIC Insured |
|
$1,000 initial deposit |
Our Rates
Don't settle for meager interest rates. Our evolved banking model allows us to offer better rates and reduced fees for customers.
| MINIMUM DEPOSIT | APY1,2 | RATE |
|---|---|---|
| $250 | 0.20% | 0.20% |
| Term | APY3,4 | Rate |
|---|---|---|
| 12 Month | 0.20% | 0.20% |
| 18 Month | 0.20% | 0.20% |
| 36 Month | 0.20% | 0.20% |
Compare a Traditional IRA Account to a Roth IRA Account
TRADITIONAL IRA
A traditional IRA may make sense if you:
- Are eligible for a Traditional IRA deduction
- Are not eligible to contribute to a Roth IRA
- Anticipate a HIGHER tax rate while saving
- Anticipate a LOWER tax rate during retirement
- Are not concerned about tax implications
- Plan to withdraw at least the required minimum distribution amounts during retirement
ROTH IRA
A Roth IRA may make sense if you:
- Are not eligible for a Traditional IRA deduction
- Are not eligible to contribute to traditional IRA due to age limit
- Anticipate a LOWER tax rate while saving
- Anticipate a HIGHER tax rate during retirement
- Are concerned with tax implications to beneficiaries
