Skip Navigation Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view,download Adobe® Acrobat Reader.
Show or hide Search ×

Online Banking

IRAs

IRAs

Your future starts today.
An IRA is one of the best ways you can prepare for it.
 
 
 
For many people, an Individual Retirement Account (IRA) is a smart way to save regularly for retirement and enjoy special tax benefits. IRAs offer the advantage of not having to pay taxes on annual investment earnings (gains, interest or dividends) until you begin withdrawing funds from the account.

It's best to start contributing to an IRA as early in life as you can, since that will allow you tax-deferred earnings to grow while you maximize the power of compounding.
 
ALEC offers two types of IRAs - savings and certificates - that allow you to choose how your money grows.
 
Retirement Central is currently not supported by Microsoft Edge. Please use Google Chrome, Firefox, Internet Explorer or Safari to access your accounts.
IRA Savings
No minimum purchase amount, available in Traditional, Roth and Educational IRAs.
A great, fixed alternative to saving for retirement or other financial goals.
IRA Certificates
Terms from 12 to 60 months, $500 minimum purchase amount, available in Traditional,  Roth and Educational IRAs.
A great way to save for a rainy day while earning competitive rates.
 
 
 
 
 
 
  • Rates Icon
    Rates
  • Direct Deposit Icon
    Direct Deposit
  • Security Icon
    Security
  • Mobile Banking Icon
    Mobile Banking