Individual Retirement Account

IRA Investments to Save For Retirement

IRA Benefits

Opening an IRA is a smart way to save for the future. Many people choose an IRA instead of, or in addition to, 401(k) plans offered by their employer. Help your retirement savings grow faster by opening an IRA today!

  • Tax Free Growth While your money is in the account, you don't pay taxes on dividends or capital gains.
  • Smart Investing You can diversify with a wide variety of investment choices.
  • Save More Use an IRA to supplement your employer sponsored retirement plan.
  • Accessibility Unlike many employer plans, your money is always available in an IRA.
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IRA Rates

Our competitive IRA rates get you one step closer to the financial future you've always wanted.

*APY – Annual Percentage Yield. Rates may change after the account is opened. Terms, conditions and services are subject to change without notice. Fees could reduce earning on the account. Certain restrictions may apply. Subject to membership availability.

IRA Rates

Type
Term
Dividend Rate*
APY*
Type
Advantage Share Certificate
Term
1 Year
Dividend Rate*
0.85%
APY*
0.85%
Type
Advantage Share Certificate
Term
5 Year
Dividend Rate*
1.64%
APY*
1.65%
Effective September 23, 2022

*APY – Annual Percentage Yield. Rates may change after the account is opened. Terms, conditions and services are subject to change without notice. Fees could reduce earning on the account. Certain restrictions may apply. Subject to membership availability.

Roth IRA vs. Traditional IRA

Below are some highlights of the benefits of a Traditional IRA and a Roth IRA. IRA Certificates are also a great option. Once you've reviewed these options, visit us at one of our branch locations for a more in-depth discussion and to open your IRA so you can start building your nest egg today!

  • Traditional IRAs

    A smart way to save for the future. Many people choose traditional IRAs in lieu of or in addition to employer-offered 401(k) plans.

    • Can be opened without any employer participation.
    • Can be opened as a certificate or club.
    • Contributions and earnings are tax-deferred until retirement.
    • Unlike many employer plans, your money is always accessible.
    • Until age 59 and-a-half, there will be a 10% early distribution penalty, unless you qualify for an exemption.1

     

     

    1 Possible exemptions include disability, qualifying education expenses, unemployment, qualifying first-home purchases, death or receipt of your IRA assets in equal payments over your life expectancy.

     

  • Roth IRAs

    Offering a tax-deferred twist to traditional IRA saving, a Roth IRA could be right for you.

    • Your contributions are taxed, meaning your principal is never subject to taxes or penalties in the future.
    • Can be opened as a certificate or club.
    • Your money grows tax-deferred.
    • If you don't withdraw any earnings in the first five years, or if you satisfy one of the qualifying events, then your tax-deferred earnings become tax-free!
  • IRA Certificates

    Smart options for members looking for short-term savings.

    • An IRA Certificate pays a monthly dividend rate.
    • Certificate terms available from six to 60 months.
    • A minimum of $1,000 is required to set up a share certificate.
    • Advantage Certificate terms available for 1-year and 5-years which pay a premium dividend.
  • An IRA Club Share Account allows you to make ongoing deposits.

    • You won't be locked into a particular period of time.
    • Allows you to easily start an IRA since there is no minimum to open an account. 
    • Dividends paid monthly.

     

Traditional IRAs

A smart way to save for the future. Many people choose traditional IRAs in lieu of or in addition to employer-offered 401(k) plans.

  • Can be opened without any employer participation.
  • Can be opened as a certificate or club.
  • Contributions and earnings are tax-deferred until retirement.
  • Unlike many employer plans, your money is always accessible.
  • Until age 59 and-a-half, there will be a 10% early distribution penalty, unless you qualify for an exemption.1

 

 

1 Possible exemptions include disability, qualifying education expenses, unemployment, qualifying first-home purchases, death or receipt of your IRA assets in equal payments over your life expectancy.

 

Roth IRAs

Offering a tax-deferred twist to traditional IRA saving, a Roth IRA could be right for you.

  • Your contributions are taxed, meaning your principal is never subject to taxes or penalties in the future.
  • Can be opened as a certificate or club.
  • Your money grows tax-deferred.
  • If you don't withdraw any earnings in the first five years, or if you satisfy one of the qualifying events, then your tax-deferred earnings become tax-free!

IRA Certificates

Smart options for members looking for short-term savings.

  • An IRA Certificate pays a monthly dividend rate.
  • Certificate terms available from six to 60 months.
  • A minimum of $1,000 is required to set up a share certificate.
  • Advantage Certificate terms available for 1-year and 5-years which pay a premium dividend.

An IRA Club Share Account allows you to make ongoing deposits.

  • You won't be locked into a particular period of time.
  • Allows you to easily start an IRA since there is no minimum to open an account. 
  • Dividends paid monthly.

 

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3 Free Templates!

Budgeting Templates

Stay in control of your finances! These budgeting templates make it easy to stay on top of your monthly spending and create good habits.

  • Fillable online
  • Calculates in real-time
  • Easy to use and understand