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CREDIT CARDS – Please note you are able to activate your personal credit cards online. For online account access on your personal credit card, you may enroll at

Roth IRA

The Roth IRA is a non-deductible account that features tax-free withdrawals for certain distribution reasons after a five-year holding period. The requirements for a Roth IRA are:

  • You must have earned income (or your spouse must have earned income) and your modified adjusted gross income cannot exceed limits as set forth by the IRS.
  • Earnings on the Roth IRA are exempt from income taxes, provided you take the earnings as part of a qualified distribution.
  • It is important to remember that you cannot take a tax deduction for any contributions made to a Roth IRA.
  • However, when you are ready to take a withdrawal, you pay no taxes on the any of the earnings that your money has generated.

There are several types of qualified distributions that can be taken from a Roth IRA. Additionally, IRS penalties as well as distributions are set up differently from the conventional IRA account. We suggest you talk with one of our Personal Bankers for all the details to help you make a sound investment decision with a Roth IRA.

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