Parents know that when it comes to paying for college, every little bit helps. That’s why we offer educational CDs. This CD is designed to come due when a child graduates from high school. It can be started at any time and in any amount. You’ll earn our highest rate of interest throughout the term¹, and additional deposits may be made whenever you wish.

Contact us today about our educational CDs!

¹The interest rate is subject to change every three years.

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.

Traditional IRA

• No income limits to open
• No minimum contribution requirement
• Contributions are tax deductible on state and federal income tax¹
• Beginning in 2020 you may contribute to an IRA after age 70 1/2 provided you have earned income.
• Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
• Withdrawals can begin at age 59 ½
• Early withdrawals subject to penalty²
• Mandatory withdrawals at age 72 (Beginning in 2020)

Roth IRA

• Income limits to be eligible to open Roth IRA³
• Contributions are NOT tax deductible
• Earnings are 100% tax free at withdrawal¹
• Principal contributions can be withdrawn without penalty¹
• Withdrawals on interest can begin at age 59 ½
• Early withdrawals on interest subject to penalty²
• No mandatory distribution age
• No age limit on making contributions as long as you have earned income

¹Subject to some minimal conditions. Consult a tax advisor.
²Certain exceptions apply, such as healthcare, purchasing first home, etc.
³Consult a tax advisor.