IRAs

a father playing with his children

It’s never too soon to start savings for retirement

We offer the following accounts to help you. Talk to your tax advisor to see which makes sense for you.

Traditional IRAs

    • Tax-deferred savings
    • Choose from Savings Accounts or multiple Certificate of Deposit terms
    • Choose from a statement or passbook account
    •  Required minimum distributions at 72 years of age
    •  Contributions allowed up to 72 years of age with Earned Income
    •  Free online banking (for balance inquiries)
    •  Fully Insured by the FDIC and DIF

Roth IRAs

    • Qualified distributions may be tax-free
    • No required minimum distributions
    • Contributions of Earned Income allowed after 72 years of age
    • Choose from Savings Accounts or multiple Certificate of Deposit terms
    • Choose from a statement or passbook account
    • Free online banking (for balance inquiries)
    • Fully Insured by the FDIC and DIF

Coverdell Education Savings Accounts (ESA)

A Coverdell Educational Savings Account (ESA) provides individuals a way to save for qualified educational expenses of the designated beneficiary of the account.
    • Designated beneficiary may receive tax-free distributions
    • Contributions can be made until child reaches 18-years of age
    • Age limit for contributions does not apply to special needs beneficiaries
    • Funds may be rolled over to other qualified family members