BMC Office – Lobby Closed
Lanesborough Branch – Lobby Closed
Lee Branch - Lobby Open 9:00am-12:00pm (limited service)
All other lobbies are open 9:00am-3:00pm and drive-ups are open 8:30am-4:30pm. Please check back often as these are subject to change.
We offer Individual Retirement Account investments as a safe way to meet your retirement needs.
A Traditional IRA is an account that allows you to defer taxes on your earnings until they are withdrawn. Also, certain contributions may be tax-deductible in the year they are made. Consult your tax advisor for further information.
If an IRA is composed entirely of one or more rollovers from a qualified pension plan, it may, at a later date be rolled back into a qualified pension plan. You can do this with our Rollover IRA. You can open a Rollover IRA and we will handle the Direct Rollover request from your employer. Consult your tax advisor for further information.
A Roth IRA allows only nondeductible contributions but features tax-free withdrawals for certain distribution reasons after a five-year holding period. The term "tax-free" means free from federal income taxes. Consult your tax advisor for further information.
The Coverdell Education Savings Account (CESA) is a nondeductible account that features tax-free withdrawals for a very specific purpose - a child's education expenses. Higher education distributions are also permitted from these accounts, but while qualified higher education distributions from a traditional or Roth IRA are only penalty tax-free, the same distributions from a CESA are penalty-free and federal income tax-free. Consult your tax or legal professional for further information regarding state or local income taxes.