IRA Accounts
Individual Retirement Accounts (IRA)
We also offer fixed rate Savings and IRA certificates with terms from 3 to 60 months. Click here to see rates.
Roth IRA: Retirement savings vehicle where you make contributions on an after-tax basis, and earnings grow free of federal taxes. This means you don’t get a tax deduction now, but you won’t need to pay taxes on the earnings later. There are income limits for making a contribution (for 2015, up to $131,000 for single filers and up to $193,000 for joint filers). See irs.gov for more information.
Traditional IRA: Retirement savings vehicle where you may be able to deduct your contributions from your current taxes, and earnings grow tax-deferred until retirement. There are no income limits for making a contribution. See irs.gov for more information.
IRA Variable Interest Rate
| IRA Variable Interest Rate | ||
| Balance | APY* | Dividend Rate |
| No Minimum | 1.500% | 1.490% |
*APY – denotes Annual Percentage Interest Yield. The above IRA Variable Interest Rate effective 10/3/2023.
Roth and Traditional IRA Certificates
| Traditional IRA Certificates | ||
| Term of Months | APY* | Dividend Rate |
| 3 | 1.00% | 0.995% |
| 6 | 1.15% | 1.144% |
| 12 | 4.25% | 4.169% |
| 18 | 3.00% | 2.960% |
| 24 | 2.00% | 1.982% |
| 30 | 2.25% | 2.227% |
| 36 | 2.50% | 2.472% |
| 48 | 2.75% | 2.716% |
| 60 | 3.00% | 2.960% |
| Roth IRA Certificates | ||
| Term of Months | APY* | Dividend Rate |
| 3 | 1.00% | 0.995% |
| 6 | 1.15% | 1.144% |
| 12 | 4.25% | 4.169% |
| 18 | 4.50% | 4.410% |
| 24 | 3.00% | 2.960% |
| 30 | 2.25% | 2.227% |
| 36 | 2.50% | 2.472% |
| 48 | 2.75% | 2.716% |
| 60 | 3.00% | 2.960% |
*APY – denotes Annual Percentage Interest Yield. The minimum opening deposit on all certificates is $500.00. A penalty may be imposed for early withdrawal. All rates are subject to change without notice. The above certificate interest rates effective 10/3/2023.