Whether you want to travel the world or spend your golden years at home with your family, it takes planning for a comfortable retirement. When you open, move or roll over your IRA with us, you’re putting your nest egg in a secure place where it will continue to grow tax-free.
Traditional IRA
A Traditional Investment Retirement Account (IRA) is an excellent means of saving for retirement with tax benefits that help you accumulate your savings faster. Your contributions are made up to a specified limit per year and these are good investments before and after you retire.
Flexible fixed-rate term options from 12 months to 60 months
Earns higher monthly yields, which are compounded monthly
Safe and secure investment
Free online banking, mobile banking, and telephone banking
A minimum opening deposit of $500
Good to know:
Certain penalties apply for early withdrawal of funds. See fee schedule and disclosure for complete details
Roth IRA
A Roth Investment Retirement Account (IRA) is a tax-advantaged savings vehicle for retirement. The Roth IRA is funded with post-tax contributions and offers you more access and more flexibility to your money. As long as you have met the 5 year holding period, which begins with the tax year for which your first contribution is made, your Roth IRA earnings can be withdrawn tax-free and penalty free for specific distribution reasons.
Dividends are paid monthly
Safe and Secure Investment
Funds may be invested in an IRA Accumulator or IRA Certificate of Deposit
Ability to make contributions conveniently with payroll deductions
Distribution of funds is not mandatory
Good to know:
Minimum opening deposit of $500 for an IRA Certificate of Deposit
Applications typically take 24 – 48 hours to process
Funds you contribute and earn can be withdrawn tax-free and penalty free, once the 5 year holding period is reached, and if one of the following qualified distributions apply:
You become disabled
Funds are used for qualified medical expenses
Funds are used towards a first-time home purchase, up to $10,000
Your death results in a distribution made to the account beneficiary (or your estate)
If you want to earn a higher interest rate than you get with most savings accounts, a share certificate, also known as “certificate of deposit” are a great way to grow your savings. If you don’t need your savings account for a fixed amount of time, keep the money in your account and watch your savings grow! The returns are guaranteed, and they typically earn a better annual percentage yield than a savings or checking account. When you commit to keep your money invested for a certain amount of time (6 to 60 months), you may face a penalty for early withdrawal, but you can earn higher interest if your money is invested for a set amount of time.
*Not available for IRA Share Certificates + Personal Accounts only. +See Provision 8 for details about the Thrive Rewards Checking account **See Provision 9 for Save to Win details or visit us online at: Save to Win
When you watch your savings grow, you’re watching your financial future. With special features to help you meet your unique goals even faster, such as higher interest rates, no monthly fees, and low opening deposits, it’s never been easier to lock down your financial goals and plan for your future.
$25 minimum opening deposit
Earn monthly dividends
No monthly maintenance fees or minimum balance fees
Up to 6 withdrawals a month
Set up automatic payroll deduction
Funds can be used for overdraft protection to cover transactions in your checking account
My Goal Savings Accounts
We like to think of them as “digital envelopes”. Whether your goal is to save up for a dream vacation save for your holiday shopping list, or to have a “Treat-yourself-and-not-feel-guilty-about-it” fund, a secondary savings account will make budgeting for any occasion easier than ever! Create as many additional “Club” Savings Accounts as you need – and you can name them whatever you want!
$25 minimum opening deposit per secondary Savings Account
Save for any goal: car, wedding, vacation, etc
Earn monthly dividends
Withdraw your funds at any time
No monthly maintenance fees or minimum balance fees
Automatic payroll deduction transfers available
Savings & Checking
Rate Effective Date: September 1, 2023
Type
Initial Deposit
Annual Percentage Yield (APY)
Rate
Dividend Savings
$25
0.100%
0.100%
Dividend Club
$25
0.100%
0.100%
Thrive Rewards Checking
$25
When qualifications are met 2.350% on first $15,000 0.250% on balances above $15,000 Non-Qualifying 0.050%
When qualifications are met 2.325% on first $15,000 0.250% on balances above $15,000 Non-Qualifying 0.050%
Roth IRA
$10
0.100%
0.100%
Coverdell Educational Savings Accumulator
$10
0.100%
0.100%
Pup High Yield Savings & Student High Yield Savings
$25
$50 – $10,000: 0.500% $10,000.01 and above: 0.50%-0.10%
$50 – $10,000: 0.500% $10,000.01 and above: 0.50%-0.10%
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