Invest in your retirement safely and securely with an IRA from Union County Savings Bank.
Given today’s economic uncertainty, it makes sense to choose an IRA from UCSB, a trusted community bank that has been in business for 140 years.
UCSB’s IRA Accounts offer great rates and a variety of terms to help guide you to retirement and help make your future a little more certain.
1-Year IRA CD
Interest Rate 3.45%, APY** 3.50%
2-Year IRA CD
Interest Rate 3.16%, APY** 3.20 %
3-Year IRA CD
Interest Rate 2.23%, APY** 2.25%
Interest Rate 0.59%, APY** 0.60%
|IRA CD ACCOUNT|
– Earns fixed interest over a set period of time
|IRA SAVINGS ACCOUNT|
– Unique tax advantage available with both Traditional and Roth IRAs
– Flexible deposits
Whether you’re considering a Traditional or Roth IRA, both types of investments offer unique benefits to help you grow your retirement savings and prepare for the future.
|Tax Incentives||Contributions may be tax-deductible.*|
Deduction may be limited if you or your spouse is covered by a retirement plan at work and your income exceeds certain levels.
|Contributions are taxed before funding|
|Tax Benefits||Tax-deferred earnings||Earnings growth is tax-free|
|Income Requirements||Your income does not affect yearly contribution amount||Income limits based upon IRS Filing status|
|Age Restrictions||No restriction||No restriction|
|Early Withdrawal Penalties||Withdrawals are penalty free beginning|
at age 59 ½
|Withdrawals are penalty free beginning |
at age 59 ½
|Withdrawals||You pay taxes on your contribution and earnings when you withdraw||You won’t pay taxes on contributions and earnings upon withdrawal, if funds have been in the IRA for 5 years|
|Required Minimum Distribution (RMDs)||Age 73||Withdrawals are never required|
**Annual Percentage Yield
Give us a call at 908-354-4600, or visit one of our conveniently located branches, to learn more.