IRAS

Individual Retirement Accounts (IRAs)

Individual Retirement Accounts (IRAs)

Ask anyone enjoying their dream retirement how they got there, and chances are they’ll say they made a plan early and stuck with it.

At First Jersey, we offer various IRA accounts, each customized to fulfill your individual needs in preparation for retirement. Compare our IRA accounts or view the summaries below:

  • Traditional vs. Roth IRA
  • IRA Share Certificate
  • Coverdell Education Savings Account
  • Traditional vs. Roth IRA

    Traditional IRA

    A traditional IRA offers tax-deferred earnings and the possibility for tax-deductible contributions.

    Roth IRA

    While contributions are not tax-deductible, most of the contributions may be withdrawn tax-free. This is very helpful for anyone who may want or need to tap into their IRA several years down the road.

    View our current rates.

    $10 minimum balance in the Share Savings account is required to open this account

    Share Policy: All accounts are insured up to $250,000 by NCUA. IRA accounts are insured for an additional $250,000 per account.

  • IRA Share Certificate

    IRA Share Certificate ($1,000 minimum)

    A full line of IRA Certificates are available for Traditional and Roth IRA's and for the Coverdell Education Savings Accounts. Terms are available from 6 months to five years.

    View our current rates.

    $10 minimum balance in the Share Savings account is required to open this account

    Share Policy: All accounts are insured up to $250,000 by NCUA. IRA accounts are insured for an additional $250,000 per account.

  • Coverdell Education Savings Account

    Coverdell Education Savings Account

    A Coverdell Education Savings Account allows parents to rest easy knowing that their financial contributions will help pay for higher education costs, as well as qualified elementary and secondary educational expenses. Unlike traditional IRAs, contributions to a Coverdell ESA aren't tax deductible. However, a Coverdell ESA offers tax-free withdrawals - including earnings.

    10 minimum balance in the Share Savings account is required to open this account

    Share Policy: All accounts are insured up to $250,000 by NCUA. IRA accounts are insured for an additional $250,000 per account.