IRA Savings Options
We provide various Individual Retirement Account (IRA) options to help you secure your financial future and achieve your retirement goals.
Options to Secure Your Future
Traditional IRA
Build Tax-Deferred Savings
Contribute pre-tax dollars and enjoy tax-deferred growth on your savings. Traditional IRAs allow you to potentially lower your taxable income in the year you contribute, and your investments grow without being taxed until you withdraw the funds.
- Pre-tax contributions
- Contributions grow tax-deferred
- Contribution limits apply
- Tax benefits for qualifying individuals
Roth IRA
Tax-Free Growth for Your Future
With Roth, you contribute after-tax dollars, but your investments grow tax-free. A Roth IRA can be an excellent choice for those looking to maximize tax-free retirement income.
- After-tax contributions
- Contributions grow tax-free
- No current-year tax benefits
IRA CDs
A Secure Way to Save for Retirement
With a CD, your retirement savings grow at a guaranteed rate, offering a low-risk investment option. It’s an excellent choice for those nearing retirement who seek dependable, predictable returns.
- Competitive interest rates
- Locked-in interest rates that compound
- Guaranteed return
- Various term options
- FDIC insured up to allowable limits
Account Details Comparison
Traditional
Roth
CD
Minimum to Open
$20.00
$20.00
$500.00
Interest Paid
Yes, Tiered
Yes, Tiered
Yes
Earnings
Earnings grow tax-deferred
Earnings grow tax-free
Earnings grow at a fixed rate
Additional Information
- No Monthly Account Service Fee
- Penalties for Early Withdrawal May Apply
- Fees May Reduce Earnings on the Account
- No Monthly Account Service Fee
- Penalties for Early Withdrawal May Apply
- Fees May Reduce Earnings on the Account
- No Monthly Account Service Fee
- Penalties for Early Withdrawal May Apply
- Fees May Reduce Earnings on the Account
What You Can Expect from Croghan
When you choose Croghan for your IRA, you’re not just opening an account—you’re partnering with a trusted bank that’s dedicated to your financial success.
Clear, Straightforward Process
We make opening an IRA simple and transparent. Our team is here to guide you every step of the way, helping you understand your options and ensure the best fit for your goals.
Convenient Account Management
With our secure online and mobile banking services, you can monitor and manage your IRA anytime, anywhere. Stay on top of your contributions, growth, and financial goals without missing a beat.
Personalized Service
We’re committed to offering personalized support. Whether you need advice on selecting the right IRA or managing your account, our friendly team is here to assist you in every step of your financial journey.
Take the First Step Toward Your Financial Future
Start building a secure future with a Croghan IRA option today. Our team is here to help you choose the right option to meet your goals.
Important Legal Disclosures
*Accounts are subject to deposit account approval.
Seek the guidance of a tax or legal advisor. Tax on Distribution criteria is available at www.irs.gov, for Roth IRAs, see Publication 590-B.