Individual Retirement Accounts (IRA)

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Start saving for your retirement now.


IRA are savings accounts designed to help wage earners save for retirement. Many members may still be eligible to deduct their IRA contributions from their taxable income. For them, IRAs are great investments. For those who may not take the deduction, an IRA still remains one of the best methods to save for retirement. Because IRA earnings are sheltered from taxes, IRAs grow faster than ordinary savings accounts.

We offer Traditional, Roth and Educational IRA accounts. You can use our IRA investment product for rollover, transfer or contributory IRAs with no set-up charges or annual maintenance fees. Like the regular share account product, dividends compound daily and are paid monthly on minimum account balances of $100 and greater. With POLAM IRA accounts there is no 18th month time deposit commitment as required by most banks. Minimum balance to open an account is $1,000. To establish an IRA rollover the minimum investment is $1,000.

For more information about rates and terms call us at (800) 404 – 5137