Individual Retirement Accounts
Save for your future - up to 3.75% APY* with a 12-month IRA CD!
An individual retirement account (IRA) is a savings account with tax benefits designed to help you save for retirement.
With a Traditional IRA, your contributions are tax-deductible for the current tax year. You pay taxes on the contribution and interest when you withdraw in retirement, possibly at a lower tax rate than when you worked full-time.
With a Roth IRA, you pay taxes on the contribution now, but the earned interest can grow tax-free.
An IRA CD is a certificate of deposit (CD) which earns interest within an IRA.
Features include:
- High interest rate – up to 3.75% APY* with a 12-month IRA CD
- Minimum deposit of $500 to open an IRA CD with a fixed term and interest rate.
- Access in online banking and mobile banking apps
No monthly maintenance fee, but there is a $10 annual trustee fee per IRA customer. There is a $25 closing fee for premature withdrawals or complete transfers.
Find a branch Open by phone: 800-800-1577
Traditional and Roth IRA CDs
| Term | Interest Rate | APY* | Minimum to Open | Notes |
|---|---|---|---|---|
| 12 months | 3.58% | 3.64% | $500 | Open in a branch or by phone |
| 36 months | 2.86% | 2.90% | $500 | Open in a branch or by phone |
| 60 months | 2.51% | 2.54% | $500 | Open in a branch or by phone |
Interest Rates Effective: 07/01/2025
Revised: 06/30/2025
*Annual Percentage Yield assumes principal and interest remain on deposit for term at the same interest rate to maturity. Penalty will be imposed for early withdrawal. Fees could reduce earnings.
Interest compounds daily. If principal is withdrawn prior to maturity a penalty may be imposed. The penalty is waived at age 59 ½, you are disabled, or in the event of your death.