Making your contributions.
There are two ways you can fund your IRA. First, you can make your contribution in one lump sum. Current contribution limits are $5,000 or $6,000 if you are 50 or older.

If you don't have the money to make a contribution in one lump sum, you can make your contribution over the course of the year by stopping by a branch to make a deposit or by automatically funding your account through pre-authorized transfers on payday. Our branch experts can help set up this method of funding your IRA for you.

Investment options.
Once your IRA has $1,000 in it, you can start investing in IRA Share Certificates with terms of three months to five years, offering dependable fixed rates–which may be more appealing to you–that automatically renew at the current rate when the term ends. Typically, the longer the term, the higher rate of return you will get.

If you don't have $1,000 in your IRA or are unsure of how you want to invest your money, your IRA funds are placed in an IRA Savings Account where they earn a variable rate of return.

The following is an illustration of how you can allocate your IRA. If you have $5,000 in your Roth IRA, you could allocate those funds in different investment options. You can do a mix of both long- and short-term IRA Share Certificates. See the chart below:

One of our friendly staff members will be more than happy to review your options with you before you make your decisions.