Individual Retirement Arrangements (IRAs) are an
important investment in your future.
On This Page . . .
| Traditional or Roth IRA? | IRA Certificates |
| Daily IRAs | Additional IRA Investments |
We can help you select the right program and transfer your IRA from another institution, free of charge.
IRAs also offer potential tax benefits* and, at The Island, all IRAs are free of annual fees. IRA deposits are insured separately from your other deposits—to $100,000 by the NCUA.
Choose from a wide selection of Island IRA programs.
* See your tax advisor regarding tax benefits
All Island IRAs are available as either Traditional or Roth plans. Both offer potential tax benefits, but in different ways. If you're thinking about converting your Traditional IRA to a Roth, our calculator may help your evaluation.
- Three earnings levels, so the more you save, the higher your dividends
- Terms from 12 to 60 months
- No set-up or annual fees
- Customized withdrawals—lump sum or periodic payments
- Spousal plans available
A penalty may be imposed for early withdrawal.
- Low minimum opening deposit, no set-up fee or annual fee
- Deposits can be made at any time—no required contributions
- Arrange automatic monthly transfers from checking or savings to save "painlessly" and build towards the minimum balance needed for an IRA certificate. Ask us how.
- Customized withdrawals—lump sum, or periodic payments
Interested in mutual fund or annuity IRAs? Click here for more information.