Individual Retirement Accounts (IRA)
An IRA (Individual Retirement Account) is a personal savings plan that offers tax advantages for setting aside money for retirement. Up to $5,500 per year can be contributed to an IRA ($6,500 if you are over age 50) and contributions may be tax deductible.
View our Current Rates
- $500.00 minimum balance to open and earn interest
- Penalties may apply for early withdrawals
- Variable interest rate
The USA PATRIOT Act has paved the way for financial institutions to help prevent fraud, identity theft, and the spread of terrorism. It requires financial institutions to obtain more information from an individual or legal entity to help establish identity.
Your cooperation is needed when you open a new account or request a loan. You may be asked more questions to establish and confirm your identity. It may also be required for you to provide one or more forms of identification.