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Individual Retirement Accounts (IRAs)

Moving you towards a more secure retirement

Individual Retirement Account (IRA) CDs are a safe, tax-advantaged investment option that can help you build savings for retirement. Ideal for risk-averse investors, IRA CDs offer a guaranteed rate of return and higher yields than traditional savings accounts.

Tax-deferred earnings

Earnings on Traditional and Roth IRAs are tax-deferred.

Reduce current taxes

Your IRA contribution may be tax deductible (consult your tax advisor).

Faster savings growth

Non-taxable earnings grow faster than a taxable investment with the same yield.

Qualified penalty-free distributions

You may be eligible for a penalty-free distribution prior to age 59 - 1/2.

Get to know IRA CDs

  • The minimum opening deposit is $100.
  • The maximum annual contribution is $6,000 for an individual or $12,000 for married filing jointly in either a Traditional IRA Account or a Roth Account, or in a combination of both.
  • For individuals 50 or older, the maximum annual contribution for singles is $7,000 and for married filing jointly is $14,000.
  • First-time homebuyers may be able to use funds from their IRA CD for their home purchase.
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