| Individual Retirement Accounts |
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| Plan for your future by investing today. IRAs are personal plans that provide income tax advantages for retirement savings. We offer a full complement of plans, including Traditional IRAs and Roth IRAs. Federal law provides for FDIC insurance coverage of up to $250,000.00 per owner.* |
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- If eligible, you may contribute a maximum of $5,000.00 per year. Individuals over the age of 50 may be eligible for a $1,000.00 catch-up contribution. All earnings are tax deferred until you make a withdrawal.
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- : Unlike the Traditional IRA, a Roth IRA can provide you with tax-free income during your retirement. Contributions to Roth IRAs are after-tax dollars. If eligible, you may contribute a maximum of $5,000.00 per year. Individuals over the age of 50 may be eligible for a $1,000.00 catch-up contribution.
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- (formerly known as the Education IRA): Save for your children or grandchildren's education. This investment tool allows a $2,000.00 maximum contribution per year for each child until the child reaches the age of 18. These contributions and their subsequent earnings are tax free when withdrawn to pay for qualified education expenses.*
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- *Consult a tax advisor for details.
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