Individual Retirement Accounts


An Individual Retirement Account is a personal, tax deferred retirement plan.

 

Anyone with earned income can contribute up to $3,000.00 each year to an IRA with additional catch-up contributions for those over age 50.  All deposits and earnings on an IRA are fully tax-deductible, until the funds are withdrawn.

 

Current interest rates are available upon request.  Each IRA is insured up to $250,000.00 by an agency of the Federal Government.

Current Rates

 

Share Certificates (minimum of $1,000.00)

Term

6 months

12 months

Rate

1.00% / 1.0046% APY

1.50% / 1.5104% APY

Share Dividends

Amount

$25 - $100

$100 - $500

$500 - $5000

$5,000 +

Christmas Club

I.R.A's

Rate

Zero

0.25%

0.45%

0.60%

0.20%

0.60%

New Vehicle & Motorcycle

Credit Score

Tier 1

Tier 2

Tier 3

Tier 4

Tier 5

Rate

2.50%

3.50%

5.00%

7.50%

10.00%

Used Vehicle & Motorcycle

Credit Score

Tier 1

Tier 2

Tier 3

Tier 4

Tier 5

 

Rate

2.95%

4.95%

7.00%

10.00%

15.00%

Signature Loans

Credit Score

Tier 1

Tier 2

Tier 3

Tier 4

Tier 5

Rate

6.00%

9.50%

13.00%

15.00%

17.00%

 

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