IRAs

Looking ahead to retirement? An IRA makes it easy to grow your savings with tax benefits and flexible options.

Plan for Retirement with an IRA

An Individual Retirement Account (IRA) helps you grow your savings with tax advantages — so you can retire with more peace of mind.
  • No monthly fees
  • Savings and CD options available
  • Catch-up contributions allowed if you're 50+

The IRS sets annual contribution limits. If you’re age 50 or older, you can make additional "catch-up" contributions to boost your retirement savings.

 

Traditional vs. Roth IRAs: Which one is right for you?

 

Traditional IRA

  • Contributions:
    Made with pre-tax income (may be tax-deductible).
  • Withdrawals:
    Taxed as regular income during retirement.
  • Eligibility:
    Anyone with earned income can contribute, but tax deductibility may be limited if you have a workplace retirement plan.
  • Required Minimum Distributions (RMDs):
    Begin at age 73.
  • Early withdrawals:
    May incur penalties and taxes unless exceptions apply.

Roth IRA

  • Contributions:
    Made with after-tax income (not tax-deductible).
  • Withdrawals:
    Tax-free in retirement if conditions are met.
  • Eligibility:
    Income limits apply; check the IRS rules for details.
  • Flexibility:
    You can withdraw your contributions (but not earnings) anytime, tax and penalty-free.
  • No RMDs:
    You’re never required to withdraw funds in retirement.

 

Ready to Get Started?

Explore our IRA savings or CD options and start building a more secure retirement — with no monthly fees and flexible investment choices.

Request an Appointment

or call (269) 382-7800.































Pro Tip

A Roth IRA may be preferable if you want tax-free income in retirement (especially if you believe you’ll be subject to a higher tax rate). A traditional IRA may be preferable if you prefer a tax deduction now.

CD Rates

 
6 months 2.50%   /   2.475%
 2.75%   /   2.725%
 3.00%   /   2.970%
9 months 2.75%   /   2.725% 3.00%   /   2.970% 3.25%   /   3.210%
1 year 2.80%   /   2.775%
 3.05%   /   3.015%
 3.20%   /   3.165%
18 months 2.50%   /   2.475% 2.75%   /   2.725 % 3.00%   /   2.970%
2 year 2.50%   /   2.475%
 2.75%   /   2.725%
 3.00%   /   2.970%
30 months 2.25%   /   2.225% 2.50%   /   2.475% 2.75%   /   2.725%
3 year 2.25%   /   2.225%
 2.50%   /   2.475%
 2.75%   /   2.725%
4 year 2.25%   /   2.225%
 2.55%   /   2.525%
 2.75%   /   2.725%
5 year 2.25%   /   2.225%
 2.75%   /   2.725%
 2.75%   /   2.725%
Term
$500 – $9,999 
($100 min for youth)
APY1 / Dividend Rate
$10,000 +
 
APY1 / Dividend Rate
$100,000 +
 
APY1 / Dividend Rate
















































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1 APY = Annual Percentage Yield. Rates are subject to change. Fees may reduce earnings. CDs are subject to early redemption penalties: 6-month CD, loss of 30 days interest; 1-year CD, loss of 90 days interest; 2-5-year CD, loss of 180 days interest. Rates effective .