Call 24/7 at

Roth & Traditional IRA CDs

Lock in a competitive rate today and enjoy predictable growth for a secure future. While both Roth and Traditional IRAs are excellent investments to help you save for retirement each has different advantages and requirements.

  Roth IRA Traditional IRA
What are the key advantages? A Roth IRA is funded with your after-tax dollars but your earnings and withdrawals are tax-free. This can translate to big tax savings in the future. Contributions to a Traditional IRA are tax-deductible up to certain income limits. You may pay less in taxes in the years you contribute but will pay tax when you start making withdrawals.
Who is this product best for? This is a good option for those who expect to have a higher tax rate when they begin making withdrawals vs. when they contribute. This is a good option for those who expect to have a lower tax rate when they begin making withdrawals vs. when they contribute.
How much can I contribute? Up to $5,500 of earned income plus an additional $1,000 starting at age 50. This amount is the total allowable contribution you can make to both Traditional and Roth IRA plans. Up to $5,500 of earned income plus an additional $1,000 starting at age 50. This amount is the total allowable contribution you can make to both Traditional and Roth IRA plans.
Who is eligible? Anyone with taxable earned income can participate, however, there are limits on how much you can contribute based on your income and tax filing status.Roth IRA Income Limits Anyone with taxable earned income can participate up to the age of 70½; however there are income limits for tax-deductible contributions.Traditional IRA Income Limits
When can I start making withdrawals? You can withdraw your contributions without IRS penalty at any time. You can begin making IRS penalty-free withdrawals of earnings if you are at age 59½ and if your account has been open for at least 5 years. You can begin making IRS penalty-free withdrawals at age 59½ and you must begin taking distributions by age 70½.