Traditional IRA

Contributions to a Traditional IRA grow tax-deferred until they are withdrawn and in many cases the contributions may be tax-deductible. Anyone under the age of 70–½ who has income from compensation (or who is filing jointly with a spouse who earns compensation) can contribute to a Traditional IRA. You can also rollover distributions from a qualified retirement plan into an IRA. You can contribute up to $5,000 or if you are age 50 or older, your contribution limit increases to $6,000 for 2009 and 2010.

Roth IRA

If you have income from compensation (or are filing jointly with a spouse who earns compensation) you can contribute to a Roth IRA and earnings are tax-free if the account is open for five years and if funds are withdrawn for a qualified reason. Unlike the Traditional IRA, you are not required to start taking distributions at age 70–½. Income limits apply and contribution amounts are reduced if you also contribute to a Traditional IRA.

Coverdell Education Savings Account (ESA)

A great way to save for your child or grandchildrens' education. Contributions to an ESA can be made up to $2,000 per child per year. Withdrawals for qualified education expenses are tax-free. Contributions are not allowed after the beneficiary reaches age 18, but funds can be used up to age 30.

BALANCE	RATE	APY*
IRA - up to $10,000	1.20	1.21
IRA - $10,000.01 to $20,000.00	1.30	1.31
IRA - over $20,000	1.40	1.41

Rates effective as of 06/07/10. ALL RATES SUBJECT TO CHANGE AT ANY TIME.

*APY = Annual Percentage Yield Dividends are based on average daily balance and are paid monthly.

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