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Individual Retirement Accounts

Retire and head for the Bahamas! Or plan for anything else that'll make your golden years more golden. It's never too early or too late to start saving for retirement.

An IRA gives you tax-advantaged* savings at a competitive rate that's higher than standard savings rates. Choose the IRA that suits you, and start securing your future today.

  • Tax-advantaged* retirement savings
  • Earn competitive interest at rates higher than standard savings rates
  • Variety of IRA options to choose from, including traditional and Roth
  • $25 annual maintenance fee
  • Make automatic contributions via checking or savings
  • Early withdrawal penalties may apply


  • Competitive, fixed-rate CD option
  • Maturity terms from 12 months to 7 years
  • Automatically renewable at end of term
  • $500 minimum deposit to open

*Consult a tax advisor.

Both traditional and Roth IRAs offer unique advantages. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at the time of retirement.


  • No income limits to open
  • No minimum contribution requirement
  • Contributions are tax deductible on state and federal income tax*
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59 ½
  • Early withdrawals subject to penalty**
  • Mandatory withdrawals at age 72


  • Income limits to be eligible to open Roth IRA***
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal*
  • Principal contributions can be withdrawn without penalty*
  • Withdrawals on interest can begin at age 59 ½
  • Early withdrawals on interest subject to penalty**
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income

*Subject to some minimal conditions. Consult a tax advisor.

**Certain exceptions apply, such as healthcare, purchasing first home, etc.

***Consult a tax advisor.