There's no way to predict the future, but that doesn't mean you can't prepare for it. Start saving now for retirement, so you can afford the lifestyle you always imagined.

Whether you're planning on retiring in two years or twenty, we've got an IRA option that meets your needs. Let one of our advisors set you up with an account that works for you.

Details
  • Competitive interest above standard savings rates
  • Traditional and Roth IRA options
  • No setup fees
  • No monthly or annual maintenance fees
  • $5,500 contribution limit per year
  • Additional $1,000 "catch-up" contribution allowed for ages 50+
  • FDIC insured
  • $1,000 minimum deposit to open

*Consult a tax advisor.

Traditional vs. Roth

There are advantages to both traditional and Roth IRAs. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.

Traditional IRA

  • No minimum contribution requirement
  • Contributions are tax deductible on state and federal income tax1
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty2
  • Mandatory withdrawals at age 70½

Roth IRA

  • Income limits to be eligible to open Roth IRA3
  • Contributions are NOT tax deductible
  • Features federal income tax-free withdrawals of earnings for certain distribution reasons after a five-year holding period
  • Principal contributions can be withdrawn without penalty1
  • Withdrawals on interest can begin at age 59½
  • Early withdrawals on interest subject to penalty2
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income

1Subject to certain conditions. Consult a tax advisor.

2Certain exceptions apply, such as healthcare, purchasing first home, etc. Consult a tax advisor.

3Consult a tax advisor.