Individual Retirement Accounts
- Competitive individual retirement account interest rates earned on daily collected balance
- IRAs are automatically renewable
- Roth IRAs, Coverdell Education Savings Accounts (formerly Education IRAs), SEPs, Traditional IRAs, and Add-On IRAs are available
- Funds are not taxed until withdrawn upon retirement (or disability)
- Minimum opening deposit is only $500
Retirement account interest rates are tiered based on initial deposit. Early withdrawals are subject to an early withdrawal penalty fee. For IRAs, distributions prior to age 59 1/2 may also be subject to IRS penalties.