FDIC-Insured - Backed by the full faith and credit of the U.S. Government
Traditional IRA
Contributions are tax-deferred. If you expect your tax rate during retirement to be lower than it is today or if you want to reduce taxable income now, this option may be a better fit for you.
Account Summary
- Contribute $7,000 if you're under age 50 / $8,000 if you're age 50 or older1
- Contributions may be tax-deductible if you meet certain conditions1
- Withdraw funds without penalty beginning at age 59½. Withdraw before 59½ at 10 percent penalty (plus possible bank fees), with certain exceptions1
- Distributions must begin by April 1st of the year following the year you reach age 732
- Anyone who has earned income is eligible2
- Traditional IRAs can generally be converted to Roth IRAs, although tax consequences may apply1
Roth IRA
Contributions are made after you are taxed, so you won't pay taxes when making qualified distributions. If you expect to have a higher tax rate at retirement, this option may be a better fit for you.
Account Summary
- Contribute $7,000 if you're under age 50 / $8,000 if you're age 50 or older1
- Contributions are not tax-deductible1
- Funds can be withdrawn without penalty once you reach the age of 59½, or before that subject to a 10 percent penalty unless exceptions apply1
- No requirement to take a minimum distribution at age 732
- Anyone with earned income is eligible
- Roth IRAs cannot be converted to Traditional IRAs1
Retirement Account Rates
- Base IRA Rates
- Relationship IRA Rates
- Premier IRA Rates
Retirement Accounts - Base Rates
Annual Percentage Yield (APY) accurate as of {base-ira-rates-date}*
| Account Type | Interest Rate | APY |
|---|---|---|
| 91 Day | {base-ira-rates-rate_91-day} | {base-ira-rates-apy_91-day} |
| 6 Month | {base-ira-rates-rate_6-month} | {base-ira-rates-apy_6-month} |
| 9 Month | {base-ira-rates-rate_9-month} | {base-ira-rates-apy_9-month} |
| 12 Month | {base-ira-rates-rate_12-month} | {base-ira-rates-apy_12-month} |
| 15 Month | {base-ira-rates-rate_15-month} | {base-ira-rates-apy_15-month} |
| 18 Month | {base-ira-rates-rate_18-month} | {base-ira-rates-apy_18-month} |
| 18 Month Jump Up** | {base-ira-rates-rate_18-month-jump} | {base-ira-rates-apy_18-month-jump} |
| 21 Month No Worry | {base-ira-rates-rate_21-month} | {base-ira-rates-apy_21-month} |
| 24 Month | {base-ira-rates-rate_24-month} | {base-ira-rates-apy_24-month} |
| 30 Month | {base-ira-rates-rate_30-month} | {base-ira-rates-apy_30-month} |
| 36 Month | {base-ira-rates-rate_36-month} | {base-ira-rates-apy_36-month} |
| 48 Month | {base-ira-rates-rate_48-month} | {base-ira-rates-apy_48-month} |
| 60 Month | {base-ira-rates-rate_60-month} | {base-ira-rates-apy_60-month} |
*Deposit rates may change daily. Fees may reduce earnings.
**The 18 Month Jump Up IRA is a variable rate account.
No checking relationship required.
Minimum Deposit to Open: $500
Retirement Accounts - Relationship Rates
Annual Percentage Yield (APY) accurate as of {relationship-ira-rates-date}*
| Account Type | Interest Rate | APY |
|---|---|---|
| 91 Day | {relationship-ira-rates-rate_91-day} | {relationship-ira-rates-apy_91-day} |
| 6 Month | {relationship-ira-rates-rate_6-month} | {relationship-ira-rates-apy_6-month} |
| 9 Month | {relationship-ira-rates-rate_9-month} | {relationship-ira-rates-apy_9-month} |
| 12 Month | {relationship-ira-rates-rate_12-month} | {relationship-ira-rates-apy_12-month} |
| 15 Month | {relationship-ira-rates-rate_15-month} | {relationship-ira-rates-apy_15-month} |
| 18 Month | {relationship-ira-rates-rate_18-month} | {relationship-ira-rates-apy_18-month} |
| 18 Month Jump Up** | {relationship-ira-rates-rate_18-month-jump} | {relationship-ira-rates-apy_18-month-jump} |
| 21 Month No Worry | {relationship-ira-rates-rate_21-month} | {relationship-ira-rates-apy_21-month} |
| 24 Month | {relationship-ira-rates-rate_24-month} | {relationship-ira-rates-apy_24-month} |
| 30 Month | {relationship-ira-rates-rate_30-month} | {relationship-ira-rates-apy_30-month} |
| 36 Month | {relationship-ira-rates-rate_36-month} | {relationship-ira-rates-apy_36-month} |
| 48 Month | {relationship-ira-rates-rate_48-month} | {relationship-ira-rates-apy_48-month} |
| 60 Month | {relationship-ira-rates-rate_60-month} | {relationship-ira-rates-apy_60-month} |
*Deposit rates may change daily. Fees may reduce earnings.
**The 18 Month Jump Up IRA is a variable rate account.
Requires a Free Checking or Access Debit Account relationship.
Minimum Deposit to Open: $500
Retirement Accounts - Premier Rates
Annual Percentage Yield (APY) accurate as of {premier-ira-rates-date}*
| Account Type | Interest Rate | APY |
|---|---|---|
| 91 Day | {premier-ira-rates-rate_91-day} | {premier-ira-rates-apy_91-day} |
| 6 Month | {premier-ira-rates-rate_6-month} | {premier-ira-rates-apy_6-month} |
| 9 Month | {premier-ira-rates-rate_9-month} | {premier-ira-rates-apy_9-month} |
| 12 Month | {premier-ira-rates-rate_12-month} | {premier-ira-rates-apy_12-month} |
| 15 Month | {premier-ira-rates-rate_15-month} | {premier-ira-rates-apy_15-month} |
| 18 Month | {premier-ira-rates-rate_18-month} | {premier-ira-rates-apy_18-month} |
| 18 Month Jump Up** | {premier-ira-rates-rate_18-month-jump} | {premier-ira-rates-apy_18-month-jump} |
| 21 Month No Worry | {premier-ira-rates-rate_21-month} | {premier-ira-rates-apy_21-month} |
| 24 Month | {premier-ira-rates-rate_24-month} | {premier-ira-rates-apy_24-month} |
| 30 Month | {premier-ira-rates-rate_30-month} | {premier-ira-rates-apy_30-month} |
| 36 Month | {premier-ira-rates-rate_36-month} | {premier-ira-rates-apy_36-month} |
| 48 Month | {premier-ira-rates-rate_48-month} | {premier-ira-rates-apy_48-month} |
| 60 Month | {premier-ira-rates-rate_60-month} | {premier-ira-rates-apy_60-month} |
*Deposit rates may change daily. Fees may reduce earnings.
**The 18 Month Jump Up IRA is a variable rate account.
Requires a Premier Checking or Employee Checking relationship.
Minimum Deposit to Open: $500
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1 Certain qualifications and exceptions apply. Consult your tax advisor for more information.
2 Effective for customers turning 72 after December 31. 2022.