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  • Funds are not taxed until withdrawn upon retirement (or disability)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.