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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.

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 and 2021 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 January 21, 2021

Certificate Term	Minimum to open and earn APY	Interest Rate*	Annual Percentage Yield
6 Month Fixed	$500	0.60%	0.60%
9 Month Fixed	$500	0.40%	0.40%
12 Month Fixed	$500	0.45%	0.45%
13 Month Fixed Special**	$500	0.70%	0.70%
14 Month Fixed Special^	$500	0.70%	0.70%
15 Month Fixed	$500	0.70%	0.70%
16 Month Fixed***	$500	0.70%	0.70%
18 Month Fixed	$500	0.50%	0.50%
19 Month Fixed****	$500	0.70%	0.70%
24 Month Fixed	$500	0.45%	0.45%
30 Month Fixed	$500	0.70%	0.70%
36 Month Fixed	$500	0.70%	0.70%
48 Month Fixed	$500	0.70%	0.70%
60 Month Fixed	$500	0.70%	0.70%

^* 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.