Individual Retirement Accounts (IRAs)


Sipping sweet tea on the front porch in the warm Georgia sun — the perfect image of a stress-free retirement. Start saving for your retirement now — and eliminate stress later — with an IRA. We have several IRA options to get you the account that works for your unique situation.


  • Competitive interest above standard savings rates*
  • Savings plan options, including:
    • Traditional IRA
    • Roth IRA
    • Roth conversion
    • Rollover or Transfer IRA
  • No setup fees
  • No monthly or annual maintenance fees
  • $500 minimum deposit to open

*Interest rates are variable and subject to change.

**Consult a tax advisor.

Traditional vs. Roth

There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.

Traditional IRA

  • No income limits to open
  • No minimum contribution requirement
  • Contributions are tax deductible on state and federal income tax*
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59 1/2
  • Early withdrawals subject to penalty**
  • Mandatory withdrawals at age 70 1/2

Roth IRA

  • Income limits to be eligible to open Roth IRA***
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal*
  • Principal contributions can be withdrawn without penalty*
  • Withdrawals on interest can begin at age 59 1/2
  • 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 minimal conditions. Consult a tax advisor.

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

***Consult a tax advisor.