IRAs

  • If you invest your IRA in a CD, the fixed rate allows you to enjoy a guaranteed interest rate for the term of your account.
  • Earnings on your IRA are tax deferred -- that is, you pay no taxes on the earnings while they are on deposit in your IRA. In some cases, you pay no taxes on the earnings -- ever!
  • Deposits at OceanFirst including IRA's are FDIC insured to $100,000 per depositor, so you have peace of mind that your investment is safe.
  • In many cases, IRA contributions may be tax-deductible. Always consult a tax advisor to determine how an IRA will benefit you.



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