INDIVIDUAL RETIRMENT  ACCOUNTS (IRA’S)

Traditional IRA

If you are under 70+ with earned income, you are eligible for a Traditional IRA.

• No fees assessed
• Funds are deposited into a certificate of deposit
• Choice of terms 6-60 months available
• Opening balance of $1,000
• Competitive rates
• Investments grow on a tax-deferred basis
• Earnings are taxed only upon withdrawal
• Substantial penalty for early withdrawal
• 24 hour Touch Tone Teller and Internet Access

**Consult your tax advisor as to your tax situation

Roth IRA

A Roth IRA helps you build wealth with after tax dollars so you save for retirement tax-free!

• No fees assessed
• Funds are deposited into a certificate of deposit
• Choice of terms 6-60 months available
• Opening balance of $1,000
• Competitive rates
• Substantial penalty for early withdrawal
• Qualified withdrawals are nontaxable
• Contributions are not tax deductible
• 24 hour Tough Tone Teller and Internet Access
• No mandatory distributions

**Consult your tax advisor as to your tax situation