Traditional IRA

It’s never too early to start saving for retirement. Enjoy the peace of mind that comes from knowing your financial future is secure by investing in a Union Community Bank Traditional IRA.

The Traditional IRA allows you to contribute pre-tax money into a fund for your retirement. As time goes on, the money will grow taxed-deferred with no capital gain tax or dividend tax due until the time of withdrawal. Unlike a Roth IRA, certain contributions to your account can be tax-deductible during the contribution’s tax year. A Traditional Individual Retirement Account with Union Community Bank offers competitive rates, flexible terms, and expert advise. Contact us to start planning for your future today.

Union Traditional IRA

  • Defer taxes on earnings until they are withdrawn
  • Eligibility: you must be under 70 ½ years of age for the entire tax year and you or your spouse must have earned income
  • Please consult your tax advisor

Union Traditional IRA Statement Savings Plan

  • Open account with a minimum deposit of $50
  • Add to your account weekly, monthly or anytime you choose
  • Choose any amount allowable by law to invest during the year
  • Accumulate $500 to qualify for the IRA Certificate of Deposit

Union Traditional IRA Certificates of Deposit

  • Open account with minimum deposit of $500
  • Interest rates vary depending upon the term

Union Traditional IRA Money Market

  • Competitive interest rates
  • A multiple-tiered variable-rate account*
  • Offers premium interest rates while maintaining investment liquidity
  • Unlimited number of withdrawals in person or at ATM
  • Minimum $1000 to open
are a big part of us.
That's why we're Invested in

With 14 branches throughout Lancaster County, Union Community Bank is one of Central PA’s last remaining community banks. What makes a community bank different? It’s not just local decision-making or friendly service. It’s our unique perspective. As a true community bank, we don’t just know the local economy – we’re part of it.

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