Make your golden years some of your best. We offer Traditional IRAs with money-saving tax advantages1.
Key Features
Competitive Interest
Tax Advantages 1
No Setup Fees
Details
- Competitive interest above standard savings rates
- $5,500 contribution limit per year
- Additional $1,000 "catch-up" contribution allowed for ages 50+
- No income limits to open
- No minimum contribution requirement
- Contributions are tax deductible on state and federal income tax1
- Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
- Withdrawals can begin at age 59 ½
- Early withdrawals subject to penalty2
- Mandatory withdrawals at age 70 ½
- $1,000 minimum deposit to open
1Subject to some minimal conditions. Consult a tax advisor.
2Certain exceptions apply, such as healthcare, purchasing first home, etc.
