Our IRAs offer a range of investment options, allowing you to build a diverse portfolio that aligns with your long-term financial strategy.
Ideal if…
Ideal if…
Tax advantages
Tax advantages
Distributions
Distributions
Rollovers
Rollovers
Contribution limits
Contribution limits
Traditional IRA
Ideal if…
You want to make contributions that may be tax-deductible and dividends that are tax-deferred
Tax advantages
Contributions you make to Traditional IRAs offered by EastRise may be tax deductible. Taxes on earnings may be deferred until retirement.
Distributions
Distributions are required when you reach retirement age
Rollovers
You can roll an employee-sponsored retirement plan into your IRA
Contribution limits
Contribution limits are updated annually
Roth IRA
Ideal if…
You are younger and expect to be in a higher tax bracket when you retire
Tax advantages
Contributions are not tax-deductible but could be eligible for tax credit under certain circumstances
Distributions
Early qualified distributions from your EastRise Roth IRA are allowed
Minimum distributions are not required when you reach retirement age
Rollovers
You can roll an employee-sponsored retirement plan into your IRA
Contribution limits
Contribution limits are updated annually.
|
Term |
Minimum Balance to Earn APY |
APY |
|---|---|---|
| Rates effective 12/31/2024 | ||
|
APY = annual percentage yield and reflects the current minimum APY offered. Rates are subject to change after account opening. Fees could reduce earnings. Early withdrawal penalties may apply to Certificates. *The 7-month certificate will be offered for a limited time and will renew to the 1-year term at maturity. The IRA Savings account requires a minimum balance of $5 to open the account. |
||
|
Term IRA Savings |
Minimum Balance to Earn APY None |
APY .20% |
|
Term 6-month |
Minimum Balance to Earn APY $500 |
APY 3.00% |
|
Term 7-month Special* |
Minimum Balance to Earn APY $500 |
APY 4% |
|
Term 1-year |
Minimum Balance to Earn APY $500 |
APY 3.50% |
|
Term 2-year |
Minimum Balance to Earn APY $500 |
APY 3.50% |
|
Term 3-year |
Minimum Balance to Earn APY $500 |
APY 3.50% |
|
Term 4-year |
Minimum Balance to Earn APY $500 |
APY 3.50% |
|
Term 5-year |
Minimum Balance to Earn APY $500 |
APY 3.50% |
|
Type |
Minimum to Earn APY |
Balance Tier |
APY |
|---|---|---|---|
| Rates effective 12/31/2024 | |||
|
APY = annual percentage yield. Early withdrawal penalties may apply. Fees could reduce earnings. |
|||
|
Type 18-month |
Minimum to Earn APY $5.00 |
Balance Tier $5.00 – $24,999.99 |
APY 4.07% |
|
Type 18-month |
Minimum to Earn APY $25,000 |
Balance Tier $25,000 and over |
APY 4.23% |