Choose Traditional or Roth
When selecting your IRA account, you can choose between a Traditional or Roth IRA (an additional comparison chart is located below).
IRA Certificate of Deposit (CD)
|
$500 minimum deposit. |
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FDIC insured up to $250,000. |
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Your interest will compound daily. |
Our Rates
| TERMS | APY*,1 | Rate |
|---|---|---|
| 6 Month | 0.20% | 0.20% |
| 12 Month | 0.20% | 0.20% |
| 24 Month | 0.20% | 0.20% |
| 36 Month | 0.20% | 0.20% |
| 48 Month | 0.20% | 0.20% |
| 60 Month | 0.20% | 0.20% |
Compare a Traditional IRA Account to a Roth IRA Account
traditional ira
A Traditional IRA may make sense for you if:
- You are eligible for a Traditional IRA deduction
- You are not eligible to contribute to a Roth IRA
- You anticipate a HIGHER tax rate while saving
- You anticipate a LOWER tax rate during retirement
- You are not concerned about tax implications
- You plan to withdraw at least the required minimum distribution amounts during retirement
roth ira
A Roth IRA may make sense for you if:
- You are not eligible for a Traditional IRA deduction
- You are not eligible to contribute to traditional IRA due to age limit
- You anticipate a LOWER tax rate while saving
- You anticipate a HIGHER tax rate during retirement
- You are concerned with tax implications to beneficiaries