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Prepare for the future with an IRA.

This is the IRA you are used to hearing about.  This classic IRA features:

  • You may get a tax deduction of up to $7,000 in 2024, plus an extra $1,000 catch-up contribution if you are 50 or older.  The tax deduction eligibility depends on your income and other factors.
  • Earnings on a Traditional IRA are not taxed until withdrawn.
  • Withdrawals of principal and interest are taxed when withdrawn, but the delayed taxation usually means a lower tax rate when made after retirement.
  • Early withdrawals come with a steep penalty.  Besides your regular income tax rate, the IRS assesses a 10% early penalty for withdrawals made before age 591/2.
A Traditional IRA is generally preferred for those who anticipate being in a lower tax bracket after retirement due to reduced income.  If your place of employment doesn't offer a retirement plan, a Traditional IRA may be for you, too.

For current rates, please check our rates page or call one of our Personal Bankers at (918) 998-0990.

Minimum Deposit** Early Withdrawal Penalty
6 Months
12 Months
*specials 12 months and under


90 days interest
18 Months
24 Months
36 Months
*specials 13 to 47 months


6 months interest
48 Months
60 Months
*specials 48 months and over


12 months interest
*See our rates page for current specials.
**Minimum Deposit for some special rates may be higher than stated on this page.