Retirement and Education Savings
Be sure your savings plan includes moments that matter...like retiring on your schedule or sending your kids to college. An individual Retirement Account (IRA) may be a smart investment and an important part of a diversified portfolio for retirement. Traditional or Roth IRAs or Coverdell Education Savings accounts allow you to save with possible tax benefits.
Traditional IRA |
Roth IRA |
Coverdell Education Savings Account (ESA) |
Perfect for saving for retirement. |
Perfect for saving for retirement. |
Perfect for saving for education expenses. |
Current rates |
Current rates |
Current rates |
Contributions may be tax deductible, earnings are tax-deferred |
Contributions are not tax deductible, qualified distributions may be
tax-free
|
Withdrawals for qualified education expenses are tax-free |
Savings, money market and certificate investment options |
Savings, money market and certificate investment options |
Savings, money market and certificate investment options |
To open an IRA or ESA account or for more information, please call a member service representative at (888) 858-6878.
IRA and ESA options may provide tax benefits. Contact a tax advisor for details. Fees may reduce earnings and a penalty may be imposed for early withdrawals. Additional penalties may be assessed by federal and state tax authorities under regulations governing IRAs.