Roth IRAs

Roth IRAs offer you an opportunity to create tax-free income (contact your tax advisor) during retirement and can be a good way to diversify your future retirement income. The sooner you start, the longer your money can grow.

  • Contributions are non-deductible but all withdrawals, including earnings, are tax-free if the account has been open for five years and the account holder is 59 1/2 or older.
  • IRA allows penalty-free and tax-free withdrawals at any time (until total distributions from all Roth IRAs exceed the contribution amount - no distribution is subject to either taxation or penalty).
  • Transferring money from a traditional IRA to a ROTH -- a procedure known as converting. Anyone willing to pay the income taxes due upon making such a move will be able to funnel retirement savings into a Roth, where it can grow tax-free.

Contribution Limits for the 2016 & 2017 Tax Year

Deadline for 2016 contributions is April 18, 2017.
  • $5,500 for individuals, $11,000 for married couples
  • Catch up contributions for IRA owners 50 years or older is an additional $1,000

Retirement Certificates of Deposit

Rates as of February 16, 2017

Certificate Term Minimum to open and earn APY Interest Rate* Annual Percentage Yield
6 Month Fixed $500 0.30% 0.30%
9 Month Fixed $500 0.40% 0.40%
12 Month Fixed $500 0.45% 0.45%
13 Month Fixed Special*** $500 1.25% 1.26%
15 Month Fixed $500 0.65% 0.65%
18 Month Fixed $500 0.50% 0.50%
24 Month Fixed $500 0.65% 0.65%
25 Month Bump-Up** $500 1.40% 1.41%
36 Month Fixed $500 1.00% 1.00%
48 Month Fixed $500 2.11% 2.13%
60 Month Fixed $500 1.59% 1.60%

* Rates are subject to change without notice; fees and withdrawals could reduce earnings on accounts. Fees are subject to change. A penalty may be imposed for early withdrawal from a certificate of deposit (CD) account.
**25 Month Bump Up CD: customer initiated one-time bump-up to the then current 24 Month CD for the rest of the term. Upon maturity, CD will automatically roll into the then 24 Month CD interest rate and term.
***13 Month CD will automatically roll into the then 12 Month CD rate and term upon maturity.

Learn More

Call 1-800-657-3272 or visit your nearest branch to review the account best suited for your needs.