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To honor the memory of all service members and their families who have made the ultimate sacrifice, all branches and locations will be closed on Monday, May 30, 2022. We wish everyone a safe and happy Memorial Day. Members can still access their accounts 24/7 through our ATMs and Digital & Mobile Banking options.

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Traditional IRAs

Get retirement ready with tax-deferred savings.

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Traditional Advantages

If you’re looking to lower your taxable income while saving for retirement, a traditional IRA might be the best account for you.

Typically, contributions to a traditional IRA are tax deductible based on income and your earnings aren’t taxed until you make a withdrawal.


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Traditional IRA 101

Who can contribute?

You can contribute to a Traditional IRA if you, or your spouse filing jointly, has a taxable income.

Are my contributions tax deductible?

Contributions are typically tax-deductible depending on income.

How much can I contribute annually?

$6,000, or $7,000 if you’re over the age of 50.

When can I withdraw money?

When you turn 59 ½ years old, you can withdraw money without penalty. However, withdrawals are always considered taxable income.

At age 72, you must begin taking minimum required distributions.    

We do not offer tax advice. You should always consult with a tax professional when it comes to your contributions and deductibility. 

Please see our Truth-In-Savings Disclosure for full details and our Rates Page for the most current rates.

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