The risk-free secure savings option that helps you to invest in your future.
- Low minimum deposit requirements
- Rollovers and transfers are welcome
- Flexible interest payment options
- Convenient automatic renewal & required minimum distribution notices
- Beneficiaries are named for peace of mind
- Traditional or Roth IRA available
Traditional IRA
- Contributions are tax deductible
- Earnings grow tax deferred
- Distributions are taxable, but penalty free after the age of 59 ½
- Holders must take distributions after the age of 72
Roth IRA
- Contributions are not tax deductible
- Earnings grow tax free
- Distributions are tax free after the age of 59 ½ and an investment period of at least 5 years
- No required minimum distributions
