Experience the retirement you envision with an IRA.
- Save for retirement
- Traditional and Roth
- No annual or set-up fees
Enjoy an IRA with Features You’ll Love
- Save for retirement
- Available in Traditional and Roth
- Earn higher interest than a traditional savings1
- No annual fees or set-up fees
- $1,000 minimum deposit to open
*Please consult your own personal tax or financial advisor for the applicability of the information provided for your own specific circumstances.
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Traditional vs. Roth
There are advantages to both Traditional and Roth IRAs. A Traditional IRA contribution may be tax-deductible, lowering your taxable income in the year of contribution, while a Roth IRA contributions are made with after-tax dollars, meaning your investment can grow tax free.
Traditional IRA
- Contributions subject to income requirements
- Earnings are tax deferred until distribution
- Distribution can begin at age 59½
- Early withdrawals subject to penalty2
- Required minimum distributions (RMD) at age 73
Roth IRA
- Contribute at any age, as long as you have a qualifying earned income
- Early withdrawals subject to penalty2
- Contributions can be withdrawn without penalty3
- Distributions on earning can begin at age 59½ and the account has been opened for at least 5 years
- No required minimum distribution age
- No age limit on making contributions as long as you have met the earned income requirements.
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1Please see a customer service representative or personal banking representative for current rate information, calculation method, fee schedule and to obtain your copy of our Truth in Savings Disclosure.
2Certain exceptions may apply, such as qualifying health care circumstances such as terminal illness, disability or death, higher education or first-time home purchases. Consult your personal tax or financial advisor.
3Subject to certain conditions, please consult your own financial or tax adivsor.
4The information on this website is not intended as financial or tax advice. For such advice, please consult your own financial or tax advisor.
