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 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 March 26, 2020
* 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.