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Retirement Accounts

We have the ability to support a full range of plans including Traditional, Roth and Education IRAs. We also offer a variety of FDIC-insured funding options (with even more, non-insured options available through our Trust & Investment Department). Our most popular funding choices are listed below. As is the case with any account of this type, you should consult your tax professional prior to taking action.

IRA Savings Account

This plan combines the flexibility of a savings account with the advantages of an IRA. It makes an ideal, tax-sheltered "parking place" for funds when you're between IRA investments --- for example, the receipts from a pension or 401(k) distribution before you've decided on a longer-term investment strategy. Because additional deposits are permitted at any time, it also serves as a great "pay-as-you-go" plan for folks who want to contribute to an IRA but are unable to come up with several thousand dollars in one lump sum.

  • Available to all individuals who qualify for IRA contributions, transfers or rollovers
  • Additional deposits allowed any time
  • Funds can be withdrawn at any time without penalty*
  • Interest is calculated daily and added to account quarterly

*Withdrawals (other than transfers/rollovers to a qualified plan) made prior to reaching age 59½ may be subject to IRS penalties. Consult your tax advisor for details.

Fixed Rate IRA CDs

All of our regular fixed rate CDs can also be used for the purpose of funding an individual retirement account. They're traditionally our most popular IRA investment!

  • Available to all individuals to qualify for IRA contributions, transfers or rollovers
  • $1,000 minimum to open and minimum balance requirement
  • Your choice of a full range of terms from 3 months to 60 months
  • Additional deposits not permitted during the term
  • Withdrawals during the term subject to an early withdrawal penalty*
  • Withdrawals at maturity (at the end of the term) permitted without penalty*
  • Interest rate fixed upon opening for the entire term
  • Maturity reminder mailed to you prior to the end of the term
  • Automatically renewable at maturity at the then-current interest rates

*Withdrawals (other than transfers/rollovers to a qualified plan) made prior to reaching age 59½ may be subject to IRS penalties. Consult your tax advisor for details.