Traditional IRAs

The Traditional IRA offers individuals younger than age 70 ½ a tax-deferred investment option. Certain contributions also are tax deductible in the year they are made.

A Traditional IRA may be right for you if:

You or your spouse are younger than age 70 ½ and have earned income
You want to make tax-deductible contributions (consult your tax advisor)
You want to defer taxes on your earnings until the year you withdraw them

With a Point Breeze Traditional IRA:

Rollover or transfer your IRAs from other institutions
Get competitive rates
Funds are federally insured to at least $250,000 by the National Credit Union Administration
You can withdraw funds from your Traditional IRA without incurring the 10 percent premature-distribution tax before age 59 ½ for specific reasons, such as disability and qualified medical expenses, certain higher-education expenses and a first-time home purchase
Your total combined contribution for all of your Traditional and Roth IRAs cannot exceed the maximum contribution (plus the catch-up amount if you are age 50 or older)

Let us help you find the perfect retirement savings plan for you!

Individual Retirement Account Rate

Product	APR	APY	Compounded & Credited	Minimum Balance
Individual Retirement (IRA)	0.25%	0.25%	Quarterly	$5

APR=Annual Percentage Rate. APY=Annual Percentage Yield. Rates are subject to change without notice and may change after the account is opened. Minimum balance indicated reflects the minimum to open the account. APY is accurate as of the last dividend declaration. Early withdrawal penalties may apply. Consult with your tax advisor about potential tax savings.