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.