Q. What are the IRA investment rates?
A. Please check our Rates Chart for the most current interest rates.
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Q. How much money can I deposit into a Traditional IRA Account each year?
A. Contributions can be made up to $3000 or 100% of your earned income; whichever is less annually. Catch up contributions of $500 can be made by members age 50 and over for a total of $3500 annually.
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Q. How much money can I deposit into a Roth IRA Account each year?
A. Contributions can be made up to $3000 or 100% of your earned income; whichever is less annually. Catch up contributions of $500 can be made by members age 50 and over for a total of $3500 annually.
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Q. What is a Coverdell Education Savings Account (CESA)?
A. A Coverdell Education Savings Account allows you to easily save for a child’s education. The CESA is a tax favored investment tool that features tax free earnings and no earned income requirements. Contributions can be made up to $2000 annually for the benefit of a child’s education expenses.
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