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 0.650% 0.648%

 

*APY – denotes Annual Percentage Interest Yield. The above IRA Variable Interest Rate effective 12/28/2022.

Roth and Traditional IRA Certificates

Traditional IRA Certificates
Term of Months APY* Dividend Rate
3 0.50% 0.499%
6 0.75% 0.747%
12 1.00% 0.995%
18 1.50% 1.490%
24 2.00% 1.982%
30 2.15% 2.129%
36 2.30% 2.276%
48 2.50% 2.472%
60 2.75% 2.716%
Roth IRA Certificates
Term of Months APY* Dividend Rate
3 0.50% 0.499%
6 0.75% 0.747%
12 1.00% 0.995%
18 1.50% 1.490%
24 2.00% 1.982%
30 2.15% 2.129%
36 2.30% 2.276%
48 2.50% 2.472%
60 2.75% 2.716%

*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 11/11/2022.