• Earn dividends on balances of $2,500 or more
• Tiered rates, higher earnings than savings account
• Dividends credited and compounded monthly
• Six free transfers (including check writing) per month*
• Free checks provided
• No limit to in-person withdrawals
• $2,500 minimum balance to avoid monthly fee
• Insured up to $250,000

*Third-party transfers include checks that you write on the account and automatic transfers to pay a loan at another financial institution.

See our current rates and disclosure information.

• Earns dividends
• Minimum deposit of $5 to open
• Free Mobile Banking, Online Banking and eStatements
• Free Cash Card with surcharge-free use at any Salal ATM
• Direct deposit distribution available
• Insured up to $250,000

See our current rates and disclosure information.

• No minimum balance and no monthly fee
• Name your account to keep you motivated
• Only $5 required to open
• Free Mobile Banking, Online Banking, Bill Pay and eStatements
• Free, simple direct deposit distribution
• Can be set up as overdraft protection on most Salal checking accounts
• Have as many Salal Extra Savings accounts as you have reasons to save
• Insured up to $250,000

See our current rates and disclosure information.

• Only $5 required to open and $5 minimum balance to earn dividends
• No monthly service fee
• Simple way to start saving
• Only for members 17 years old and younger
• Cash Card available*
• Insured up to $250,000

See our current rates and disclosure information.

*Only if there is a parent or guardian responsible for the account, and with that guardian's permission.

• Terms from 6 months to 4 years
• Minimum opening balance of $1,000
• Longer terms and/or larger opening balances may receive higher dividend rates
• A penalty may be imposed for early withdrawal
• Compounding certificates are calculated and credited monthly
• Increase certificate rate by 0.25% with 2,500 Salal Rewards points
• Insured up to $250,000

See our current rates and disclosure information.

• Additional deposits can be made throughout term
• 6-month term
• Minimum opening balance of $500
• Larger balances may receive higher dividend rates
• A penalty may be imposed for early withdrawal
• Insured up to $250,000

See our current rates and disclosure information.

• For members 17 years old and younger
• Additional deposits can be made throughout term
• Minimum opening balance of $100
• Larger balances may receive higher dividend rates
• A penalty may be imposed for early withdrawal
• Insured up to $250,000

See our current rates and disclosure information.

With traditional IRAs your earnings are tax-deferred until you withdraw the funds at retirement. Your earnings are then taxed at your current income rate.

• Annual contributions are potentially tax deductible*
• You can still make an IRA investment even if you have other retirement investments
• Earnings are tax deferred until withdrawal
• Withdrawals can be made without penalty once you reach 59½
• Mandatory withdrawals begin when you reach 70½
• Other withdrawals may also be penalty-free, such as first time home buying, disability, or higher education.

This brochure provides additional information about traditional IRAs.*

*Consult with your tax advisor for eligibility requirements and contribution limits on IRAs.

You invest in Roth IRAs with after-tax income, meaning you pay tax on your contributions now, but your earnings are tax free at withdrawal.*

• Contributions are not tax deductible
• Pay no income tax upon withdrawal
• You may withdraw contributed funds at any time without penalty
• Earnings can be withdrawn penalty-free at age 59½
• No mandatory withdrawals at age 70½
• You may continue contributions beyond age 70½

For more information on Roth IRA eligibility, click here.

Still have questions? More answers may be found here.

*Consult with your tax advisor for eligibility requirements and contribution limits on IRAs.

While not really IRAs in the traditional sense, education IRAs (also called Coverdell Education Savings Accounts) are very useful. Contributions go into a custodial account for the benefit of a child to pay his or her future education expenses.

• Interest grows tax free
• Withdrawals are tax free when used for qualified education expenses*
• Maximum annual contribution of $2,000
• Beneficiary must be under 18 at time of opening
• Beneficiary does not have to be a relative
• Can be used for public or private schools
• Can be used for college, high school, grade school, etc.

Read this brochure for additional information regarding Coverdell Education Savings Accounts.

*Qualified expenses include tuition and fees, books, supplies, room and board, uniforms.