A Credit Union IRA is a special type of savings plan that can help you save for your retirement. IRAs offer you tax advantages that aren’t available with regular savings accounts. They can also offer you a wide range of investment opportunities, such as certificates and money market accounts. We’ll help you understand the different types of IRAs and how to choose the one that’s best for your needs.
IRAs are tax-deferred, which means your contributions aren’t taxed until you withdraw them in retirement. There are different rules and limits for Traditional and Roth IRAs, so you should consult your tax advisor before opening one of them.
Our IRAs can be opened as either an IRA Savings Account or an IRA Certificate. An IRA Savings Account gives you easy access to your funds with competitive interest rates.
An IRA Certificate provides the stability of a certificate of deposit while offering tiered dividend rates based on your balance. It’s a great way to keep your retirement funds secure, while still earning a higher rate of return than you would in a standard savings account.
We have both Traditional and Roth IRAs, as well as Coverdell Education Savings Accounts (CESA) for children. Our IRA guides and videos will help you learn more about these options, including how they work, what the differences are between them, how much you can contribute and more.
If you are close to retirement, it’s a good idea to consider moving your investment IRA money into our High-Growth Savings programs. This can help reduce your exposure to market volatility and make your nest egg last longer.
Our IRAs feature no set-up fees and no maintenance fees, and you can easily manage your investments online. Plus, you can have your paycheck or recurring payments automatically deposited into your IRA. That’s convenient and a real time-saver! And our IRAs are federally insured separately from your other savings accounts by the National Credit Union Administration (NCUA) up to $250,000, so you can rest assured your money is safe.