Individual Retirement Accounts
Three types of IRAs are now available for your retirement and education savings. These may be Time Share Certificates or IRA Share Accounts.

• 9, 12, or 18 months certificates ($500 minimum balance)
• IRA Share Account (contributions may be set up on payroll deduction)

IRAs have always been a great tax-favored way for you to save for retirement, and now, thanks to the Economic Growth and Tax Relief Reconciliation Act of 2001, they’re better than ever. Starting with tax year 2002, IRAs received a much needed face-lift to help Americans start saving like never before.

• Boosts annual contribution limits
• Provides “catch-up” contributions for people age 50 and older
• Makes it easier to consolidate assets in IRAs and employer-sponsored plans
• Offers a tax credit to low- and middle-income people who make IRA contributions