Individual Retirement Accounts
Make ongoing contributions and earn a competitive rate of return over time.
Both Traditional and Roth IRAs are good tools for long-term savings.
These accounts may allow you to defer taxes on your earnings until they are withdrawn, and certain contributions are tax-deductible in the year they are made. Consult your tax advisor for guidance about your specific situation.
- Long-term savings option
- May provide tax benefits
- Minimum deposit required
- Traditional and Roth IRAs available
Wealth Building Account Comparison Chart
| Savings Account | Club Account | Individual Retirement Account | Share Certificates | Money Market Accounts | |
|---|---|---|---|---|---|
| Opening Balance Requirement | $15 | $10 | Share Certificate – $500 IRA – $25 | $1,000 | $1,000 |
| Minimum Balance | $15 | $0 | $0 | N/A | $1,000 |
| Monthly Fee | $0 | $0 | $0 | $0 | $9.95 (Waived with $1,000 Minimum Balance) |
| Electronic Transactions | ✓ | ✓ | ✓ | ||
| Paper Checks | ✓ | ||||
| Transactions | Teller Withdrawal – 3/month ATM Withdrawal – 3/month | Funds Disbursed 10/31 Each Year ($10 Fee for Early Disbursement) | Penalty for Early Withdrawal | Penalty for Early Withdrawal | 6 per Month (Fee for Overage) |
| Free HOPENet Online Banking | ✓ | ✓ | ✓ | ✓ | ✓ |
| Free HOPE Mobile Banking1 | ✓ | ✓ | ✓ | ✓ | ✓ |
| Free E-Statements | ✓ | ✓ | ✓ | ✓ | ✓ |
| Automatic Transfers and/or Drafts | ✓ | ✓ | ✓ | ||
| Free HOPEAnytime ATM Card | ✓ | ||||
| Free Direct Deposit | ✓ | ✓ | ✓ | ||
| Federally Backed Security | ✓ | ✓ | ✓ | ✓ | ✓ |
| Shared Branching Network Access | ✓ | ✓ | ✓ | ||
| More> | More> | More> | More> | More> |
No Rates Available
Contact Us
If you have questions or need additional information about an individual retirement account, send a note to your closest branch.