Individual Retirement Accounts

An individual retirement account, or IRA, helps you save for retirement by allowing pre-tax contributions to earn interest at a competitive rate.

Target Market: For customers looking to earn interest on funds saved for retirement.

Fees: No monthly maintenance fee. $10 annual trustee fee (per IRA customer) and $25 closing fee (complete transfers or premature withdrawals)

Statement: None

Details: Minimum deposit of $25 to open. This is a variable interest rate IRA. See account disclosure or IRA resource page for more information.

Features and Benefits: 

  • Tiered interest rates
  • Earn a better interest rate for higher balances
  • No penalty for early withdrawals (IRS penalties may apply)
  • Freedom to access funds when needed

Complementary Products and Services: 

  • Personal Checking
  • Personal Savings
  • Money Market Account
  • Online Banking
  • Touch Tone Teller
  • ESA, HSA

Open an account in branch.

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