Tax-Advantaged* Retirement Savings Competitive dividends above standard savings rates Traditional and Roth IRA options No set-up fees No monthly or annual maintenance fees Ability to open a term certificate within your IRA $500 minimum deposit to open term certificate within IRA $100 minimum deposit to open savings account within IRA *Consult your tax adviser. Traditional vs. Roth IRA Traditional and Roth IRAs each offer unique tax advantages to help you save for retirement. What's the difference? Traditional IRA contributions may be tax deductible. And taxes on dividends are deferred until retirement. Roth IRA contributions are not tax deductible, but earnings accumulate tax-free and remain tax-free upon distribution. Compare below and consult your tax advisor to determine which is right for you. Traditional vs. Roth IRA Traditional No income limits to open No minimum contribution in any year allowing flexibility Contributions may be tax deductible and taxes on dividends are deferred until retirement.* Withdrawals can begin at age 59½ Early withdrawals subject to penalty** Mandatory withdrawals required based on age. Roth IRA Income limits to be eligible to open Roth IRA Contributions are NOT tax deductible Principal contributions can be withdrawn without penalty* Withdrawals on interest can begin at age 59½ Early withdrawals on interest subject to penalty** No mandatory distribution age No age limit on making contributions as long as you have earned income *Subject to some conditions. Consult a tax advisor. **Certain exceptions apply, such as health care, purchasing first home, etc.