Retirement Savings Options

Individual Retirement Savings Accounts

It’s easy to get started saving for retirement when you choose one of our Individual Retirement Savings Accounts options. The earlier you start, the more time your money has to earn dividends and compound your savings. Choose from:

Individual Retirement Savings Accounts
Roth IRA
Roth Conversion IRA
Education IRA

There is no minimum balance required to open these types of accounts and the minimum balance required to obtain the APY is $50. IRA Certificates of Deposit are available for retirement as well.

Whether you have funds to rollover from a previous IRA, previous employer plan, or you are just ready to start planning for the future, we have an account that may work for you. Call any branch location to talk to us about your options.

Am I saving enough for my retirement?

Retirement can be the happiest day of your life! This pre-retirement calculator was developed to help you determine how well you have prepared and what you can do to improve your retirement outlook. It is important that you re-evaluate your preparedness on an ongoing basis. Changes in economic climate, inflation, achievable returns, and in your personal situation will impact your plan.

Income/Savings

Your current age (1 to 120)

Current annual income ($)

Spouse's annual income (if applicable) ($)

Current retirement savings ($)

Desired retirement age (1 to 120)

Number of years of retirement income (1 to 40)

Assumptions

Expected inflation (0% to 10%)

Income replacement at retirement (0% to 300%)

Pre-retirement investment return (-12% to 12%)

Post-retirement investment return (-12% to 12%)

Social Security

Include Social Security (SS) benefits?

Marital status (For SS purposes only)

Social Security override amount
(monthly amount in today's dollars) ($)

Reset

Individual Retirement Savings, Roth, Roth Conversion & Education IRAs

Effective Date: July 1, 2025

APR	APY	Dividend	Minimum Balance	Minimum Balance to obtain APY
0.200%	0.200%	Compounded/Credited Quarterly	None	$50.00
Contact us for answers to questions. APR=Annual Percentage Rate APY=Annual Percentage Yield

APR

APY

Dividend

Minimum Balance

Minimum Balance to obtain APY

0.200%

Compounded/Credited Quarterly

None

$50.00

APR=Annual Percentage Rate

APY=Annual Percentage Yield

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Income - Single	Income - Head of Household	Income - Married Filing Jointly	Income - Married Filing Separately	Federal Tax Rate
$0 - $11,600	$0 - $16,550	$0 - $23,200	$0 - $11,600	10%
$11,601 - $47,150	$16,551 - $63,100	$23,201 - $94,300	$11,601 - $47,150	12%
$47,151 - $100,525	$63,101 - $100,500	$94,301 - $201,150	$47,151 - $100,525	22%
$100,526 - $191,950	$100,501 - $191,950	$201,151 - $383,900	$100,526 - $191,950	24%
$191,951 - $243,725	$191,951 - $243,700	$383,901 - $487,450	$191,951 - $243,725	32%
$243,726 - $609,350	$243,701 - $609,350	$487,451 - $731,200	$243,726 - $365,600	35%
$609,351+	$609,351+	$731,201	$365,601	37%

Type	Residence	Tuition & Fees	With Room & Board
Public 4yr	Residence: In-state	Tuition & Fees: $11,260	With Room & Board: $24,030
Public 4yr	Residence: Out-of-State	Tuition & Fees: $29,150	With Room & Board: $41,920
Public 2yr	Residence: In-State	Tuition & Fees: $3,990	With Room & Board: $13,960
Private 4yr	Residence: N/A	Tuition & Fees: $41,540	With Room & Board: $56,190

Inflation		2.9%
U.S. Treasury Bills		3.3%
Long-Term Government Bonds		5.1%
U.S. Large-Company Stocks		10.3%
U.S. Small-Company Stocks		11.8%

Year	Inflation Rate
2014		1.6%
2015		0.1%
2016		1.3%
2017		2.1%
2018		2.4%
2019		1.8%
2020		1.2%
2021		4.7%
2022		8.0%
2023		4.1%