Individual Retirement Accounts

Save for your future - up to 3.95% 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 3.95% 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 3.87% 3.95% $500 Open in a branch or phone
36 months 3.52% 3.58% $500 Open in a branch or phone
60 months 3.23% 3.28% $500 Open in a branch or phone

Interest Rates Effective: 05/24/2024

Revised: 05/23/2024

*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. Minimum balance per tier required to open. 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 If principal is withdrawn prior to maturity a penalty may be imposed.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.