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Traditional IRA

Traditional IRA offer unique benefits to help you reach your retirement goals. With a Traditional IRA, you can benefit from possible tax-deductible* contributions and earnings that grow tax-deferred.

Traditional IRA Roth IRA Rollovers and Transfers
  • If you or your spouse are not active participants in an employer sponsored pension or profit sharing plan, your IRA contributions are 100% tax deductible.
  • If you or your spouse are active participants, your IRA contributions may still be fully or partially tax deductible depending on your income level.
*Please consult your tax advisor for retirement tax benefits.
 

Contribution Limits for the 2020 Tax Year

  • $6,000 for individuals, $12,000 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 13, 2020

Certificate Term Minimum to open and earn APY Interest Rate* Annual Percentage Yield
6 Month Fixed $500 1.75% 1.76%
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%
14 Month Fixed Special $500 1.65% 1.66%
15 Month Fixed $500 1.65% 1.66%
16 Month Fixed*** $500 1.50% 1.51%
18 Month Fixed $500 0.50% 0.50%
19 Month Fixed**** $500 1.55% 1.56%
24 Month Fixed $500 0.65% 0.65%
25 Month Bump-Up^^ $500 1.40% 1.41%
30 Month CD $500 1.60% 1.61%
36 Month Fixed $500 1.00% 1.00%
48 Month Fixed $500 1.24% 1.25%
60 Month Fixed $500 1.50% 1.51%
* 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. 
**13 Month CD will automatically roll into the then 12 Month CD rate and term upon maturity.
^14 Month CD will automatically roll into the then 18 Month CD rate and term upon maturity.
***16 Month CD will automatically roll into the then 18 Month CD rate and term upon maturity.
****19 Month CD will automatically roll into the then 18 Month CD rate and term upon maturity.
^^25 Month Bump-Up CD will automatically roll into the then 24 Month CD rate and term upon maturity.