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BILL PAY

INDIVIDUAL RETIREMENT ACCOUNTS (IRAs)

Individual Retirement Accounts

Plan for Your Future with an IRA

If you’re looking for a safe, secure retirement option, an IRA may be the perfect tool for you. 

Our attentive team knows that life requires hard work and sacrifice – but you shouldn’t need to sacrifice your retirement. That’s why we offer adaptive IRA options including Traditional and Roth IRAs and CD and non-CD selections. Our products provide steady interest, and are engineered to help you prosper as you retire. 

Ready to pick one? Make an appointment or read on for more insights. 


Schedule Appointment


Have other questions about retirement and wealth planning? Visit the Wealth Management section of our website here.


First – Pick Your Tax Preference:

1. Traditional:

  • Save now, pay your taxes later. Contributions may be tax deductible*, and you won’t pay taxes until you withdraw your funds.
  • Contribute at any age, as long as you’re earning income.
  • Interest rate bonus of 0.05% APY with Elite and First Direct Checking Accounts with the Variable and Term CD IRA**.

2. Roth:

  • Pay your taxes now, not when you retire. You won’t pay tax on withdrawals during retirement unless it’s an unqualified distribution. 
  • Great for climbing the career ladder. Paying taxes on each contribution means that you can save money if you plan on retiring once you’ve reached a higher income bracket.
  • Contribute at any age, as long as you’re earning income – though contribution limits may apply.
  • Interest rate bonus of 0.05% APY with Elite and First Direct Checking Accounts with the Variable and Term CD IRA**.

Second – Chose How You Want to Save:

Savings IRA:

Benefits:

  • Adaptive and flexible retirement savings. 
  • No monthly maintenance fee. 
  • Combine your retirement funds into one account and craft your strategy.
  • Tiered interest rates.
  • No term limit, no need to renew.
  • $100 minimum opening deposit.
  • Additional deposits can be made at any time; contribution limits apply. 

Variable CD IRA:

Benefits:

  • Easily start an IRA – just make regular contributions!
  • Rate varies according to market interest rate.
  • 18-month term. Automatically renews for an 18-month term at maturity – or you can choose to change the term length!
  • Make deposits at any time without extending your term; contribution limits apply.
  • $100 minimum opening deposit.

Term CD IRA:

Benefits:

  • The higher your balance the more you may earn with tiered rates.
  • Select any term you’d like – from 3 months to 10 years.
  • Interest rates are fixed for the length of your term, but offerings vary depending on your account balance and the term selected.
  • $1,000 minimum opening deposit
  • Automatically renews for your selected term at maturity – or you can choose to change it up!
  • You can’t make any more deposits until account reaches maturity. 

Other service fees may apply. Please see our Banking Fees.

* Not to be construed as tax advice. Please consult your attorney or tax adviser.

**0.05% Interest rate bonus cannot be combined with other offers or promotions.


Need help opening an account online?

Schedule Appointment


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