The traditional IRA allows you to defer taxes on the earning on your contribution until they are withdrawn. Also, depending on eligibility, contributions are tax deductible in the tax year for which you make them.

You are eligible to establish a traditional IRA and make regular contributions if you are younger than age 70 ½ for the entire tax year and you or your spouse have compensation.


The Roth IRA gives retirement savers a different incentive: nontaxable distributions. Regular Roth IRA contributions are not tax deductible, so owners will not pay federal taxes on distributions of these contributions. Under certain conditions, the earnings on Roth IRA contributions are also nontaxable when distributed. Therefore, if you expect to be in a higher tax bracket when you take distributions in retirement, for this and other reasons you may benefit more from a Roth IRA than from a traditional IRA.

You are eligible to establish a Roth IRA and make regular contributions if you or your spouse have compensation and your modified adjusted gross income (MAGI) for any tax year does not exceed certain prescribed limits. These limits are subject to annual cost-of-living adjustments (COLAs), if any.


  • Available: 91 Day, 182 Day, 1 Year, 2 Year, 3 Year, and/or 5 Year
  • $1000 minimum balance to open
  • Interest accrues daily
  • Automatically renewable
  • Early withdrawal penalty equal to interest earned in the duration of the CD
  • Option II available for 5 Year CD only

Please call 715.532.5551 for a listing of our most current rates.

Young Savers Certificate

1 Year CD with $500 minimum balance to open. Current rate of 0.65% APY


The Coverdell Education Savings Account is a nondeductible account that features tax-free withdrawals for a very specific purpose: a child’s education expenses.

At first glance, a CESA may look similar to traditional or Roth IRAs. Higher education distributions are also permitted from these accounts, but while qualified higher education distributions from a traditional or Roth IRA are penalty tax free, and Roth IRA distributions may be free from federal income tax, the same distributions from CESA are penalty free and federal income tax free. Consult your tax or legal professional for further information regarding state or local income taxes.

You are eligible to contribute if your modified adjusted gross income (MAGI) does not exceed certain limits.

There are no compensation requirements or age restrictions for contributors. They do not even need to be related to the child they are contributing for.

Contributors can even be non-individuals like corporations or tax-exempt organizations. These entities have no MAGI restrictions.