Spousal IRA's allow a qualified IRA participant to set aside additional retirement savings for the benefit of a spouse who is not employed outside the home. There are no dollar limitations on rollovers or transfers. For Tax deductibility, contact your tax advisor. United Fidelity offers Traditional Roth and Education IRAs. Roth IRA is a nondeductible IRA that provides for tax-deferred earnings.
Education IRAs help parents and others save for children s education.
The Bank has two certificates designed exclusively for IRAs. This certificate pays the average of the previous month's 26 week Treasury Bill auction plus 25 basis points. Once established, the variable IRA rate changes monthly, and the interest is compounded monthly. The rate is guaranteed for the term of the certificate, and interest is compounded semiannually. There are not set-up, transaction or annual fees on an IRA account.