INDIVIDUAL RETIREMENT ACCOUNT (IRA)
To save for the future, start today by opening an IRA. This is a savings account where the deposits are saved for retirement. Dividends are compounded and paid monthly. The interest on a Traditional IRA account is tax deferred and there are tax deductions on eligible contributions. The dividend rate for an IRA is higher then that of the regular savings account. There is no service fee for this account but there are penalties for early withdrawals. We offer Traditional, Roth and Educational IRAs. Each has a different tax advantage. For those tax advantages you should consult your tax advisor about which IRA is best suited for you.
And now there are higher "Catch-Up" limits for those over the age of 50!
