Phone: 270-586-7121

barn in acorn field painted with the words see beautiful rock city

Personal

Checking

All our checking accounts are designed to make your life easy, including free online banking, bill pay, eStatements, and a Visa® check card. (With exception of Direct Deposit Limited Checking, which includes free online banking only.)

*Account may be subject to applicable overdraft fees

All rates are accurate as of 03/17/2020 and are subject to change. Please call 270-586-7121 to verify the most current information.


Savings

All rates are accurate as of 03/17/20 and are subject to change. Please call 270-586-7121 to verify the most current information.


Traditional vs. Roth IRAs

Not sure whether a traditional or Roth IRA is right for you? Both traditional and Roth IRAs can keep you on track to a timely retirement. Compare traditional vs. Roth IRAs below – including the unique tax advantages each offers to facilitate your retirement savings! Then consult a tax adviser to determine which IRA is right for you!

Traditional IRA:

  • No income limits to open
  • Contributions may tax deductible on state and federal income tax
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 591⁄2
  • Early withdrawals may be subject to penalty
  • Mandatory withdrawals at age 721⁄2

Roth IRA:

  • Income limits to be eligible to open Roth IRA do apply
  • Contributions may not be tax deductible
  • Earnings are 100% tax-free at withdrawal*
  • Withdrawals on interest can begin at age 591⁄2
  • Early withdrawals may be subject to penalty
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income

*Earning are tax-free and penalty-free after the five-year period has been met and the distribution is considered qualified. The following circumstances are considered qualified: distributions beginning at age 59 1/2, death distributions to beneficiaries, disability distributions to owner, first time homebuyer distribution to owner or qualified descendants.