Individual Retirement Account

An Individual Retirement Account (IRA) is designed to help defer payment of taxes and save for your golden years. Our IRAs are held in CD form, which makes planning for retirement easy to understand. Just like CDs, IRA CDs are insured by the Federal Deposit Insurance Corporation for up to $250,000 per depositor on all deposit accounts, unlike many other types of investments.

  • $500 minimum opening deposit
  • Variety of terms available, ranging from 12 months to 48 months
  • Automatically renewable
  • Bonus rate paid on any IRA CD amount $75,000 or greater
  • Interest paid at competitive fixed rate
  • Free online banking, mobile banking, and e-statements
  • Penalties apply for early withdrawal