SAVE FOR YOUR FUTURE

Leverage a Vermont Federal IRA account to help you save for retirement, higher-education expenses, or your first house. With three great programs, you can be confident that we have the right account for you.

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IRA Certificate Rates

Available Terms

0.10%

Annual Percentage Yield

Which IRA Option is right for you?

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I want to save tax deferred until retirement.

A traditional IRA allows contributions that are tax deductible (within the IRS limits), and grows tax deferred until you withdraw the funds.

withdraw funds tax free during retirement icon

I want to withdraw my funds tax-free during retirement.

Roth IRAs are not tax-deductible, but your investment will grow free of taxes and you will be able to withdraw the money tax-free during retirement.

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I want to save for my child’s education.

A Coverdell Education Savings Account is a tax-deferred trust account that was implemented by the U.S. government to help families in funding educational expenses for beneficiaries 18 years old or younger. Exceptions for the age restrictions are made for children with special needs.

A traditional IRA allows contributions that are tax deductible (within the IRS limits), and grows tax deferred until you withdraw the funds.

Who can contribute?

  • Anyone under the age of 70 ½ who has income compensation (or who is filing jointly with a spouse who earns compensation)
  • If you have received a distribution from a qualified retirement plan and decide to rollover the proceeds of that plan into an IRA

How much?

  • Regular Contribution: $6,000 per year
  • Over Age 50: $7,000 per year
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