Traditional IRA

 

The Traditional IRA is a retirement plan established by an individual. These accounts are available to both employers and employees.

The standard combined IRA contribution limit is $5,000 or 100% of earned income if compensation is less. (Earned income is defined as that income which a person works for, such as salary. Pension, social security and disability payments do not qualify as earned income.) If you are age 50 to age 70 1/2, you may contribute an additional $1,000 for the tax year as a "catch-up" contribution.

 

Interested in opening a Traditional IRA or learning more?

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Product / Term Minimum
to Open		 Interest Rate APY
Floating Rate CD $0 to $999 0.07% 0.07%
Floating Rate CD $1,000 - $24,999 0.09% 0.09%
Floating Rate CD $25,000 - $49,999 0.11% 0.11%
Floating Rate CD $50,000 - $74,999 0.16% 0.16%
Floating Rate CD $75,000 and over 0.22% 0.22%
1 Year Fixed Rate CD $500 0.21% 0.21%
3 Year Fixed Rate CD $500 0.56% 0.56%
5 Year Fixed Rate CD $500 1.14% 1.15%
7 Year Fixed Rate CD $2,000 1.33% 1.34%
Special 15 Month CD $500  0.32%  0.32%
Special 30 Month CD $500  0.56%  0.56%
Special 45 Month CD $500  1.26%  1.27%
* A penalty may be imposed
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