Individual Retirement Account
IRA accounts are available for your future retirement needs.
- Minimum of $50 to open.
- Neither the amount invested nor the dividends earned on the investment are taxable until the money is withdrawn which usually occurs after retirement when Traditional IRA's are in a lower tax bracket.
- We also offer the Roth IRA, which interest earned is not taxed, but initial deposits are.
- Rates are set by the Board of Directors, and dividends are paid quarterly.
For more information regarding our IRA accounts please contact our Member Services Department.