Traditional IRA
Traditional IRA
Contributions are often tax-deductible (often simplified as "money is deposited before tax" or "contributions are made with pre-tax assets"), all transactions and earnings within the IRA have no tax impact, and withdrawals at retirement are taxed as income (except for those portions of the withdrawal corresponding to contributions that were not deducted). Start building your nest egg and start saving for your dream retirement today.
Also available:
- Roth IRA - contributions are made with after-tax assets, all transactions within the IRA have no tax impact, and withdrawals are usually tax-free. Named for Senator William Roth.
- Education IRA - a tax-advantaged investment account designed to encourage savings to cover future college education expenses.
| Name | Minimum | Rate | APY |
|---|---|---|---|
| 12 month IRA Certificate | $1,000 | 1.79% | 1.80% |
| 18 month IRA Certificate | $1,000 | 1.79% | 1.80% |
| 24 month IRA Certificate | $1,000 | 3.93% | 4.00% |
| 36 month IRA Certificate | $1,000 | 2.28% | 2.30% |
| 48 month IRA Certificate | $1,000 | 2.52% | 2.55% |
| 60 month IRA Certificate | $1,000 | 3.01% | 3.05% |
Rates are subject to change without notice. APY= Annual Percentage Yield. Early withdrawal of a Certificate will incur a penalty. | |||
| Name | Minimum to Earn Interest | Rate | APY |
|---|---|---|---|
| IRA Holding Share | $0 | 0.10% | 0.10% |
| Traditional IRA | $0 | 0.10% | 0.10% |
| Roth IRA | $0 | 0.10% | 0.10% |
| Education IRA | $0 | 0.10% | 0.10% |
| Conduit IRA | $0 | 0.10% | 0.10% |
Rates are subject to change without notice. APY= Annual Percentage Yield. | |||
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Retirement Savings Calculator
This pre-retirement calculator was developed to help you determine how well you have prepared and what you can do to improve your retirement outlook.
