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IRAs & Certificates

IRAs (Individual Retirement Accounts)

It’s never too soon to start saving for retirement—or too late. An IRA offers you a safe and secure option for your retirement dollars with a guaranteed rate of return. We have an IRA option perfect for you no matter what your retirement goals may be.

We offer two types of IRAs:

A Traditional IRA is an account that allows you to defer taxes on your earnings until they are withdrawn. Also, certain contributions may be tax deductible in the year they are made.

A Roth IRA is an account that features tax-free earnings once you have reached age 59 ½ and you’ve had a Roth IRA for 5 years. Since Roth IRA contributions are non-deductible and taxed in the year they are earned, members who expect to be in a higher tax bracket when they retire may benefit more from a Roth IRA than from a Traditional IRA. Unlike the traditional IRA, there is no requirement to begin taking distributions at age 70½. There are income limitations for eligibility for a Roth IRA.

Certificates

Certificates are a great way to maximize your savings with zero risk. With a certificate, you choose the term that fits your financial goals while locking in a premium interest rate. These are a great option for saving for future expenses or for putting money away that you don’t plan on using for a length of time. Certificates can be opened with a minimum of $500.