With an IRA from Our Bank, you get secure, completely-insured investment options with a manageable initial investment. Just select the IRA that fits your investment goals.

Traditional

• * Earnings are tax deferred until withdrawal
• * Annual contributions of $6,000 ($7,000 if age 50 or older)
• * Contributions may be tax deductible
• * Created for individuals who do not participate in employer-sponsored retirement plans
• * Certain individuals who do participate in employer-sponsored retirement plans may still qualify
• * Mandatory minimum distributions at age 70 and a half
• *Contact your tax professional regarding deductibility.
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  Roth
  
• * Offers a tax structure unlike any other IRA, with after-tax contributions and tax-free growth.
• * Annual contributions of $6,000 ($7,000 if age 50 or older).
• * Withdraw money from your Roth IRA at any time without paying taxes up to the amount of your contributions.
• * Qualified withdrawals are not taxable
• * No mandatory minimum distributions at age 70 and a half
• *Contact your tax professional regarding deductibility.
• *If you take distributions within the first five years you will receive a 10% penalty on the distribution amount.
• Stop by online and open an IRA that fits your investment goals today.