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Whether retirement seems like it’s just around the corner or a lifetime away, now is the time to start saving to help make sure those years are comfortable and secure. And at UTB, you can enjoy special tax advantages when you choose a Traditional IRA or Roth IRA.* You’ll also earn a competitive rate higher than standard savings rates.


  • Save for retirement with tax advantages*
  • Both Traditional and Roth options available
  • Competitive, fixed rates higher than standard savings
  • 1- and 2-year CDs as investment avenue
  • No monthly or annual service fees
  • No setup fees
  • Annual contribution limits apply (see current contribution limits)
  • Additional "catch-up" contribution allowed for customers age 50 and better
  • Early withdrawal penalties may apply
  • $500 minimum deposit to open

Traditional / Roth

Depending on your retirement goals, you may want to open a Traditional IRA or a Roth IRA. We can help you find which IRA is right for you — simply contact us or stop by one of our locations for answers to your IRA questions.

Traditional IRA 

This option offers income tax-deferred earnings, and the possibility for income tax-deductible contributions. These tax advantages* make the traditional IRA a powerful tool in creating a balanced, long-term savings plan.

Roth IRA

The Roth IRA offers the possibility of income tax-free distributions*. Not only can a Roth IRA help with retirement needs, but it can also help you save for other financial goals. Although it's not for everyone, the Roth IRA gives many members an easy and safe way to prepare for the future.

Normal account opening criteria apply.

*Consult a tax advisor.

Interest Rate Information - You will be paid the interest rate disclosed at account opening until the maturity date of the certificate.

Compounding and crediting frequency - For terms of one year, interest will be compounded on a daily basis; and interest will be credited at maturity. For terms greater than one year, interest will be compounded on a daily basis; and interest will be credited annually.

Minimum balance requirement - You must deposit $500.00 to open an Individual Retirement Account.

Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic interest rate to the principal in the account each day.

Accrual of interest on non-cash deposits - Interest begins to accrue on the business day you deposit non-cash items (for example, checks).

Transaction limitations - You may make unlimited contributions into your account. The minimum amount you can deposit is $25.00 or more.

Early Withdrawal Penalties (a penalty may be imposed for withdrawals before maturity)
  • If your account has an original maturity of one year or less: The fee we may impose will equal three months interest on the amount withdrawn subject to penalty.
  • If your account has an original maturity of more than one year: The fee we may impose will equal six months interest on the amount withdrawn subject to penalty

Withdrawal of interest prior to maturity - The annual percentage yield assumes interest will remain on deposit until maturity. A withdrawal will reduce earnings.

Automatically renewable time account- This account will automatically renew at maturity. You may prevent renewal if we receive written notice from you before maturity of your intention not to renew or you withdraw the funds in the account at maturity (or within the grace period mentioned below, if any). If you prevent renewal, interest will continue to accrue after final maturity for up to ten calendar days. The interest rate will be the current interest rate in effect for new certificates which have the same term.

Each renewal term will be the same as the original term, beginning on the maturity date. The interest rate will be the same we offer on new time deposits on the maturity date which have the same term, minimum balance (if any) and other features as the original time deposit. You will have a grace period of ten calendar days after maturity to withdraw the funds without a penalty.
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