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IRA

Individual Retirement Accounts (IRAs)

Visit Retirement Central

Visit Retirement Central to learn
more and open an IRA.

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Secure your financial future

It’s never too early to start planning your retirement, and we make it easy with with multiple options: A Traditional or Roth IRA as a savings account or a Certificate. We also have an experienced Wealth Management team to help you put together a full retirement plan.

Deposits are federally insured to at least $250,000 (Individual Retirement Accounts up to an additional $250,000) through the National Credit Union Administration.

Traditional and Roth IRAs

 

No minimum deposit to open the account
$50 minimum balance to earn dividends (rate is variable)
No monthly service fee
Similar to a basic savings account, except there are restrictions on deposits and withdrawals
Contributions may be made by individual deposits or rolled over from another IRA
Crows flying over a forest at dusk

Traditional IRA

  • Contributions may be tax deductible*
  • Deposits grow tax-deferred until withdrawn
  • Withdrawals are taxed as income
  • Required Minimum Distribution starts at age 70 ½

Roth IRA

  • Funded with post-tax income, so you don’t have to pay income taxes* on the funds in the future
  • Deposits grow tax-free
  • Tax-free qualified withdrawals
  • No early withdrawal fee
  • Most withdrawals before age 59 ½ result in IRS penalties
  • Not required to withdraw the funds at a certain age vs. Traditional IRA or 401(k)

IRA Certificate

 

Lock up your savings for 12 months to 5 years to earn a higher rate than other IRAs
Open an IRA Certificate with as little as $1,000
No monthly service fee

Traditional and Roth IRA Rates

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Account Description Dividend Rate Annual Percentage Yield (IRA)
Individual Retirement Account (IRA) 0.10% 0.10%

Effective 9/28/2021

Earn even higher rates

With a Partner or Ambassador-Level Membership Rewards relationship by opening more accounts!

Premium IRA Certificate Rates for Partners & Ambassadors

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Term Dividend Rate
$1,000		 Annual Percentage Yield
$1,000
12 months 0.65% 0.65%
18 months 0.70% 0.70%
24 months 0.75% 0.75%
36 months 0.80% 0.80%
48 months 0.90% 0.90%
60 months 1.00% 1.00%

IRA Certificate Rates

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Term Dividend Rate
$1,000		 Annual Percentage Yield
$1,000
12 months 0.45% 0.45%
18 months 0.50% 0.50%
24 months 0.55% 0.55%
36 months 0.60% 0.60%
48 months 0.70% 0.70%
60 months 0.80% 0.80%

Effective 9/28/2021

View All Deposit Rates

Retirement Planning Education

Learn the financial basics about retirement planning with our Online Learning Modules and calculators.

Learn More

*Consult a tax advisor.
Dividends are compounded and paid monthly. Once a Certificate is opened, the rate remains fixed through maturity, and early withdrawal penalties apply and may reduce earnings. Membership eligibility is required.