Individual Retirement Accounts
- A certificate of deposit designed to assist you with your retirement needs and defer taxes until retirement
- Minimum opening deposit – $500.00
We offer competitive, market based rates on our IRA accounts. We have both a fixed rate 12 month certificate and a variable rate 12 month certificate. The variable rate IRA is subject to a rate change at the first of each month and traditionally follows the market trends. You may add or withdraw from the variable IRA as allowed by law or withdraw from the fixed rate IRA as allowed by law.
If the account owner is under 59 ½ years of age, there is a three months’ interest penalty for early withdrawal. Withdrawals may be subject to taxes, withholdings, and penalties. Please contact our IRA department for details.