Custodial IRA
The Custodial IRA is a no fee product that is great if you are interested in FDIC insured products. There are two options for investing: 1) an 18 month CD 2) a Variable Rate Savings. Both of these options are at very competitive rates.

Self-Directed IRAs
The self-directed IRA allows you to purchase investments in the stock and bond markets in addition to FDIC IRA products. You can also receive professional investment advice.

The information below for Roth and Traditional IRA's are current numbers for individuals up to age 50 years. For those aged 50 and older, they may contribute a “catch up” contribution totaling $5,000. (After age 70 ½, customers may no longer make contributions to a Traditional IRA, but may contribute to a Roth if they have earned income.)

Roth IRA
The primary benefit of a Roth IRA is tax-sheltered growth - investments grow free of federal and state income taxes. You can never deduct contributions to a Roth IRA, but you pay no federal income taxes at all on qualifying withdrawals. If you're eligible, you can contribute up to $4,000 of earned income annually for yourself (and an additional $4,000 to your spouse's Roth IRA, if you're married).

Traditional IRA
The primary benefit of a Traditional IRA is tax-deferred growth - investments grow free of federal and state income taxes until money is withdrawn. You may be able to deduct your contributions to a Traditional IRA. You pay no federal income taxes on investment earnings in a Traditional IRA until you withdraw money. If you're eligible, you can contribute up to $4,000 of earned income annually for yourself (and an additional $4,000 to your spouse's IRA, if you're married).

Coverdell Education Savings Account
This is a college savings plan. A Coverdell education savings account may be set up for any child under 18. Parents, guardians or anyone else may contribute to the account. Each child can receive up to $2,000 per year in contributions until age 18. Withdrawals are tax-free only if they're used for qualified secondary education expenses, such as tuition, fees, books, and room and board. Single individuals with incomes over $95,000 and married individuals filing jointly with Adjusted Gross Income (AGI) of over $150,000 may not contribute the full $2,000.