Traditional IRA Accounts Description: This account allows you to save tax deferred for your retirement. Requirements: Minimum balance to open account is $25.00. Minimum balance to receive the annual percentage yield disclosed is $0.01. Benefits: Save for your retirement tax deferred. Earnings grow faster with tax deferred status. You may be eligible for a tax deduction for your deposit. Consult your tax professional. You can select your maturity. Choose from next day (IRA Savings) to a five year certificate of deposit. Cost: No annual fees on these accounts. No service charges on these accounts.