Upcoming: Paper Statement Fee
Beginning June 1, 2024, we will be charging a $2.00 fee for mailed statements. If you would like to change your statements to electronic, please contact an office to sign an e-statement authorization. This fee does not apply to members under 17 or over 65.
An IRA is an account that allows an individual to save for retirement with tax-free growth or on a tax-deferred basis. The 3 main types of IRAs each have different advantages:
|Interest Paid On Minimum Balance
*A distribution from a Roth IRA is tax-free and penalty-free provided that the five-year aging requirement has been satisfied and one of the following conditions is met: age 59½, death, disability, qualified first time home purchase. See US Treasury's Website for the latest rules and regulations.
The IRS may apply early withdrawal fees to IRA accounts. In addition, withdrawing a traditional IRA may result in a higher taxable earnings. You may also be assesed a fee for moving your IRA to another financial institution.
Rates may change after account opening.