We’ve helped generations save for retirement. Talk to us about finding the right IRA to fit your needs — and get ready to relax.
- Competitive Interest
- No Monthly or Annual Charges
- Tax Advantages1
- Tax-advantaged1 retirement savings
- Competitive interest rates above standard savings rates
- Traditional and Roth IRA options
- Coverdell Educational Savings Accounts (ESAs) also available
- No setup fees
- No monthly or annual maintenance charges
- $5,500 contribution limit per year
- Additional $1,000 "catch-up" contribution allowed for ages 50+
- $1,000 minimum deposit to open
1Consult a tax advisor.
What's the difference between traditional and Roth IRAs? Each offers unique tax-advantages1 to help you save for retirement in a different way. Compare our traditional and Roth IRAs below. Then consult a tax advisor to decide what type of IRA is right for your retirement.
- No income limits to open
- No minimum contribution in any year
- 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
- Income limits to be eligible to open Roth IRA
- Contributions are NOT tax deductible
- Earnings are 100% tax-free at withdrawal1
- Principal contributions can be withdrawn without penalty1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 some minimal conditions. Consult a tax advisor.
2Certain exceptions apply, such as healthcare, purchasing first home, etc.
Give your aspiring scholar a brighter future, including a way to cover rising educational costs. A Coverdell ESA is a great way to start a student out on the right foot — rather than saddled with student debt.
- No setup or annual fee
- Interest grows tax-free
- Withdrawals are tax-free and penalty-free when used for qualified education expenses1
- Designated beneficiary must be under 18 when contributions are made
- To contribute to an ESA, certain income limits apply2
- Contributions are not tax deductible
- $2,000 maximum annual contribution per child
- The money must be withdrawn by the time he or she turns 303
- The ESA may be transferred without penalty to another member of the family
- $100 minimum deposit to open
1Qualified expenses include tuition and fees, books, supplies, board, etc.
2Consult your tax advisor to determine your contribution limit.
3Those earnings are subject to income tax and a 10% penalty.