IRAs

Contributing to an IRA is an excellent way to secure a comfortable retirement. Unlike most investments, depending on the type of IRA you choose, contributions may be tax deductible and will grow either tax-deferred or tax-free.

There is a limit to the amount which can be deposited annually, which cannot exceed your earned income for the year.

To contribute to a traditional IRA, you must be under age of 70½ at the end of the tax year and you or your spouse, if you file a joint return, must have taxable income such as wages, salaries, commissions, tips, bonuses or net income from self-employment. In addition, taxable alimony and separate maintenance payments received by an individual are treated as compensation for IRA purposes.

Click for the IRA Service Center

Click for the IRA Retirement Center

TermDividend RateAnnual Percentage Yield
Passbook

 

1.85%

 

1.86%

 

5 year SC

 

2.00%

 

2.02%

 

Rates are subject to change