Per IRA CD EN

Feature	Traditional IRA¹	Roth IRA¹
Tax-deductible² contributions	Yes	No
Tax-deferred earnings	Yes	Yes
Maximum annual contribution	Single: $6,000 Married Filing Jointly $12,000 Over age 50: additional $1,000 to above limits per individual	Single: $6,000 Married Filing Jointly $12,000 Over age 50: additional $1,000 to above limits per individual
Tax-free withdrawal of earnings	No	Yes If account is held for five years after the first contribution is made, and any of the following reasons apply: Age 59 and ½ and older Disability Death First-time home purchase³
Penalty-free distribution	Qualified exceptions to the 10% penalty: Age 59 and ½ and older Disability Unreimbursed medical expenses above 10% Adjusted Gross Income Health insurance costs if unemployed for more than 12 weeks Eligible higher education expenses First time home purchase³ IRS levy of the account Substantially equal periodic annuity payments Qualified reservist distribution	Qualified exceptions to the 10% penalty: Age 59 and ½ and older Disability Unreimbursed medical expenses above 10% Adjusted Gross Income Health insurance costs if unemployed for more than 12 weeks Eligible higher education expenses First time home purchase³ IRS levy of the account Substantially equal periodic annuity payments Qualified reservist distribution
Age deadline for contributions	No age limit	No age limit

Fees may reduce account earnings. Early withdrawal may be subject to taxation and penalties by the IRS and interest penalties may be charged by the Bank. $15 account closing fee and $12 annual administration fee apply.
Consult with your tax advisor regarding the deductibility of your IRA Account contributions.
If both you and your spouse are first-time homebuyers, each of you can receive distributions up to $10,000 for a first home without having to pay the 10% penalty.

IRA CD Account Comparison