Individual Retirement Account

Secure Your Future With An Individual Retirement Account

     You might also be able to save on your present taxes with an Individual Retirement Account (IRA), by deducting your qualified contributions from your taxable income. Many Americans can deduct all or part of their IRA contributions from current income taxes. The deductible amount depends on your income, marital status and whether you’re an active participant in an employer sponsored plan as defined by the Internal Revenue Service.

With an Individual Retirement Account, you may also be able to defer taxes until you retire when you will probably be in a lower tax bracket. You may want to consult your tax advisor to review the tax deductible status of an IRA. Regardless of the amount you’ll be able to save now on taxes, an IRA is a smart way for you to save for a secure retirement.

     If you’re changing employers, an IRA Direct Rollover makes sense. If you are retiring or changing jobs and anticipate withdrawing money from your employer’s retirement plan, you can avoid withdrawal penalties by transferring your assets into an IRA or another qualified plan. You can ask your employer to arrange for a “direct rollover” of your money into a new IRA account with us, or you can do it yourself with an IRA-to-IRA rollover.  You must complete the rollover within 60 days from the date you receive the assets from your old IRA in order to qualify and not pay the mandatory 20% withholding and possibly other penalties as well.

For more information about IRA Rollovers or opening a new Traditional, Roth, or SEP IRA just contact one of our experienced office managers near you today.


CD Specials

TermInterest RateAPY*
10 Months4.95%5.01%
20 Months4.60%4.65%
The annual percentage yield is accurate as of 11/27/2023. Minimum deposit $1000 for CDs, $500 for CD IRAs. This CD special is available for a limited time. Annual percentage yield and interest are subject to change without notice. *APY = Annual Percentage Yield. 




Interest compounded at term end if less than 6 months, otherwise compounded semi-annually.  The interest rate and annual percentage yield are subject to change without notice.   *APY = Annual Percentage Yield.  A penalty may be imposed for early withdrawal of funds.