Individual Retirement Account
Save for retirement with tax advantages*
Earn competitive interest higher than regular savings
Available in Traditional and Roth
Annual contribution limits apply
$1,000 annual “catch up” contributions allowed for ages 50 and better
No annual fees or set up fees
Federally insured
$2,500 minimum deposit to open
TRADITONAL VS ROTH.
There are advantages to both Traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A Traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.
Coverdell ESA
Create an easier transition into college for yourself and your student by setting up a savings account early. A Coverdell Education Savings Account (ESA) provides a tax-free safe place to grow competitive dividends and also financial confidence for a new stage in life.