
Begin saving for your retirement by making a deductible or non-deductible
contribution to an IRA.
With a traditional IRA, your funds grow on a tax-deferred basis.
When funds are withdrawn in retirement, the taxes are paid on the earnings,
usually at a lower tax rate.
Roth IRAs are funded with after-tax dollars. Unlike a traditional IRA, these funds can be withdrawn tax free provided the account holder is over age 59 1/2 years old and the funds have remained on deposit for at least five years.
Annual contributions may be made up to April 15th following the tax year.
PRIME
TIME IRAs
This
account is available for Prime Time Checking customers who require
a higher rate of interest and are able to maintain a higher minimum balance
requirement. With a $10,000 or greater Prime Time
IRA CD balance, you are eligible for a 6 month, 1 year or 2 year IRA CD.
We offer a variety of other banking services to meet your needs:
*Not FDIC insured.
If you would like more information, please contact
us.