With a Traditional IRA Account, you can contribute your pre-tax dollars and watch your investments grow tax-deferred until retirement. 


Account Types
To fit your needs, you can open a Traditional IRA Savings or Certificate Account.

Contribution Limits
Year    Contribution Limit
2022    $6,000
2021    $6,000

Catch Up Contributions
Individuals who turn age 50 and older can make a catch-up contribution of $1,000 per tax year in addition to regular contributions. This catch-up contribution may also be made to an IRA for a non-working spouse.

You can roll over a traditional individual retirement account if you retire or change jobs and receive a lump-sum distribution from a qualified pension (i.e.: 403B, 401K) plan. You can roll over all or any part of these funds into a tax-deferred IRA rollover account. You must make this rollover within 60 days from the day you receive your lump-sum distribution.

You also have the option of transferring your IRA from another financial institution to us. We will handle all the necessary paperwork at no cost to you.

Visit the branch nearest you, or call (631) 698-7000 ext. 6780.

*Consult your tax advisor.