IRAs

Save for your Future! 

Individual Retirement Accounts 

  • This is a personal savings plan that offers tax advantages 
  • All IRA's are cd's that fall under the umbrella of the IRA guidelines 
Traditional 
  • Age Limits 
  • Funds must be taken at age 72 (This is called the minimum mandatory distribution)


Roth 
  • No age limits 
  • Qualified distributions are tax free 
  • Same contribution limits as a traditional IRA 


Simplified Employee Pension Plan (SEP)
  • For business owners to help contribute towards their employee's retirement as well as their own. 
  • Follows the same rules as a traditional IRA. 


Coverdale Education Savings Account (CESA)
  • Pays qualified education expenses for the designated beneficiary 
  • When created, beneficiary must be under 18 years of age or special needs.  


































For more information call or visit one of our offices. See a listing of our branch office locations and hours.


** All rates subject to change without notice. Please verify rates by contacting your nearest branch office. Please note other terms, conditions, or restrictions may apply depending upon product offer.