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Plan for a richer retirement by opening an Individual Retirement Account (IRA). These tax-advantaged accounts can help ensure you fully enjoy your golden years, and we offer both traditional and Roth IRAs with excellent rates. You can get started with as little as $1!

For even more retirement planning options, visit our Financial Planning page.

Home > Personal > Accounts > Individual Retirement Accounts (IRAs)

Individual Retirement Accounts (IRAs)

Traditional IRA
Roth IRA
Shares or Certificates

Anyone planning for their retirement can open a traditional IRA*.

Dividends may be tax-deferred**
Contributions may be deducted from income tax returns**
Must be under age 70½ to open
$5,500 contribution limit per year
Additional "catch-up" contributions of $1,000 per year are allowed for ages 50+
Withdrawals can begin at age 59½
Mandatory withdrawals at age 70½
Early withdrawals subject to penalty***
Funds are federally insured to $250,000
Visit the Online Retirement Center

Check out our current rates.

*Members over the age of 70 1/2 are not eligible to open a traditional IRA.
**Consult your tax advisor.
***Certain exceptions apply, such as healthcare, purchasing first home, etc.

Your income must be less than $95,000 annually ($150,000 for married couples) to open a Roth IRA. While you cannot deduct contributions with a Roth IRA, your earnings are completely tax free upon withdrawal. Another advantage is your principal contributions (but not the interest) may be withdrawn without penalty.

Earnings and principal are 100% tax free upon withdrawal*
Contributions are not tax deductible
$5,500 contribution limit per year
Additional "catch-up" contributions of $1,000 per year are allowed for ages 50+
No mandatory distribution age
Principal contributions can be withdrawn without penalty*
Early withdrawals on interest subject to penalty**
Funds are federally insured to $250,000
Visit the Online Retirement Center

Check out our current rates.

*Consult your tax advisor for details. Subject to some minimal conditions.

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

Greater Nevada offers you a variety of ways to invest in your IRA. Whether you have a traditional or a Roth IRA, you have a choice to save via an IRA share account or IRA certificate.

An IRA share account requires no minimum balance or term, and pays a variable rate. This is often chosen for a first-time IRA, or for holding your IRA while you decide where to reinvest it.

IRA certificates require a minimum balance and term, but typically pay a higher fixed rate over IRA share accounts.

Check out our current rates.

Questions?