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Whether it’s spoiling your grandkids or growing your Red Sox card collection, we’ll help you retire the way you want.

Key Features

  • Competitive Interest
  • Tax Advantages*
  • No Setup Fees
  • IRA Money Market or IRA CDs available for tax-advantaged retirement savings*
  • Certified IRA Specialist assistance for questions and rollovers
  • Competitive interest above standard savings rates; see our rates
  • Traditional and Roth IRA options
  • No setup fees
  • All deposits are insured in full, with FDIC and DIF coverage
  • Funds can be used to purchase CDs within IRA
  • $500 minimum deposit to open
  • Visit our Retirement Central for planning tools, informative articles, and more
  • Schedule an appointment with one of our certified IRA specialists to learn more
  • See our IRA brochures

Visit our FAQ page to learn more.

*Consult a tax advisor.

There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement. 

Traditional IRA

  • No income limits to open
  • No minimum contribution requirement
  • Contributions are tax deductible on state and federal income tax1
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59 ½
  • Early withdrawals subject to penalty2
  • Mandatory withdrawals at age 70 ½

Roth IRA

  • Income limits to be eligible to open Roth IRA3
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal1
  • Principal contributions can be withdrawn without penalty1
  • Withdrawals on interest can begin at age 59 ½
  • Early withdrawals on interest subject to penalty2
  • No mandatory distribution ages
  • No age limit on making contributions as long as you have earned income

Visit our FAQ page to learn more.

1Subject to some minimal conditions. Consult a tax advisor. 

2Certain exceptions apply, such as healthcare, purchasing first home, etc.

3Consult a tax advisor.