IRAs

Plan for retirement or save for your child’s educational expenses.

An Individual Retirement Account (IRA) helps you prepare for your future, while a Coverdell Education Savings Account (ESA) can help you save for a child’s education. More than savings, grow your investment with earned interest. The money you set aside today can make a big difference tomorrow!

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Even if retirement seems a long time away, plan to start saving sooner rather than later to match your current lifestyle to your future goals. There are two basic options for Individual Retirement Accounts: Traditional IRAs and Roth IRAs. We offer IRA Savings Accounts and IRA Certificates for both Traditional and Roth IRAs.

	Traditional IRA	Roth IRA
Requirements	Initial deposit of $250 No age limit	Initial deposit of $250 No age limit
Contributions & Earnings	Contributions are made with earned income and may be partly or fully tax deductible. Earnings grow tax-deferred until withdrawn.	Contributions are made with after-tax dollars. Earnings grow tax-free and distributions may be tax-free if certain guidelines are met.
Distributions	Required minimum distributions beginning at age 72.	No required distributions; greater flexibility.

Our Member Service Representatives can show you options to meet your financial goals. Please contact us at 800-442-7792, use the Open an Account form, or visit a branch near you to get started. Consult your tax advisor.

Traditional IRAs

Roth IRAs

Traditional and Roth IRAs

Transfers, Rollovers, and Conversions

IRA and Retirement Plan Distributions

Inherited IRAs

View Tax Withholding Notice

Current Rates

IRA Certificates

Minimum Balance $250

Quarterly Posted Dividend Certificates

Rates are subject to change daily. Monthly Distributed Dividend Certificates are available. Call the credit union for current rates, terms and conditions. A penalty is imposed for early withdrawal of share certificates.
Term (Months)	Compound Dividend Rate	Annual Percentage Yield (APY)
3	1.20%	1.21%
6	1.65%	1.66%
12	2.15%	2.17%
18	2.25%	2.27%
24	2.30%	2.32%
30	2.35%	2.37%
36	2.45%	2.47%
48	2.70%	2.73%
60	2.85%	2.88%

IRA Plus Certificates

Minimum Balance $10,000

Quarterly Posted Dividend Certificates

Rates are subject to change daily. Monthly Distributed Dividend Certificates are available. Call the credit union for current rates, terms and conditions. A penalty is imposed for early withdrawal of share certificates.
Term (Months)	Compound Dividend Rate	Annual Percentage Yield (APY)
3	1.35%	1.36%
6	1.80%	1.81%
12	2.30%	2.32%
18	2.40%	2.42%
24	2.45%	2.47%
30	2.50%	2.52%
36	2.60%	2.63%
48	2.85%	2.88%
60	3.00%	3.03%

A Coverdell Education Savings Account (ESA) is a type of IRA that allows you to save money for higher education or qualified elementary and secondary school expenses and pay for qualified education expenses tax-free.

Minimum opening deposit $250
Contribute up to $2,000 per child annually
Contributions are not allowed after the child reaches age 18 (except for special needs beneficiaries)
Qualified expenses include tuition, fees, books, computer equipment and technology required for elementary, secondary and post-secondary education

Learn more: Coverdell Education Savings Accounts – Answers to Your Questions