IRA planning with confidence
Whether you’re just starting or looking to grow your retirement nest egg, our IRA (Individual Retirement Account) options help you build a secure future.
Invest in tomorrow today with an IRA
From tax-deferred growth to tax-free withdrawals, find the right retirement account for your needs.10
Traditional IRA
Save for retirement with potential tax benefits today.10
- Contributions may be fully or partially tax-deductible, depending on your income, filing status, and participation in an employer-sponsored retirement plan
- Earnings generally grow tax-deferred until withdrawn
- Withdrawals are generally subject to federal income tax, and additional taxes may apply to certain early distributions
- May be appropriate for individuals who expect to be in a lower tax bracket during retirement
Roth IRA
Contribute after-tax dollars for potential tax advantages in retirement.10
- Contributions are made with after-tax dollars and are not tax-deductible.
- Qualified distributions are generally not subject to federal income tax when IRS requirements are met.
- Eligibility and contribution limits are subject to income and other IRS requirements.
- May be a good fit for younger savers or individuals who expect to be in a higher tax bracket during retirement.
Coverdell Education Savings Account (ESA)
Save for a child’s qualified education expenses.10
- Funds may be used for eligible elementary, secondary, and higher-education expenses.
- Distributions are generally not subject to federal income tax to the extent they are used for qualified education expenses and do not exceed those expenses.
- Contributions are subject to IRS eligibility requirements and annual limits.
- Contributions are not tax-deductible.
Want to earn even more?
Choose an IRA Certificate for a fixed dividend rate and a specified term while saving for retirement. Early withdrawal penalties may apply. IRA eligibility, contribution, distribution, and tax rules also apply.10
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Cover transactions if you’re short on funds.
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Member-only offers & discounts.
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Plan your future with confidence
Estimate your retirement savings and see how your contributions could grow over time.
Learn, grow, and thrive
From budgeting tips to credit-building advice, we’re here to help you make smart financial decisions with confidence.
Current IRA rates
| Product | Rate | APY 2 |
|---|---|---|
| Tier 1 ($0 – $24,999.99) | 0.04% | 0.04% |
| Tier 2 ($25,000 +) | 0.14% | 0.14% |
| Product | Rate | APY 2 |
|---|---|---|
| 12 Month | ||
| $500 – $9,999.99 | 0.05% | 0.05% |
| $10,000- $49,999.99 | 0.10% | 0.10% |
| $50,000 – $99,999.99 | 0.15% | 0.15% |
| $100,000 – $149,999.99 | 0.20% | 0.20% |
| $150,000 + | 0.20% | 0.20% |
| 24 Month | ||
| $500 – $9,999.99 | 0.05% | 0.05% |
| $10,000- $49,999.99 | 0.10% | 0.10% |
| $50,000 – $99,999.99 | 0.15% | 0.15% |
| $100,000 – $149,999.99 | 0.20% | 0.20% |
| $150,000 + | 0.20% | 0.20% |
| 36 Month | ||
| $500 – $9,999.99 | 0.05% | 0.05% |
| $10,000- $49,999.99 | 0.10% | 0.10% |
| $50,000 – $99,999.99 | 0.15% | 0.15% |
| $100,000 – $149,999.99 | 0.20% | 0.20% |
| $150,000 + | 0.20% | 0.20% |
| 48 Month | ||
| $500 – $9,999.99 | 0.05% | 0.05% |
| $10,000- $49,999.99 | 0.10% | 0.10% |
| $50,000 – $99,999.99 | 0.15% | 0.15% |
| $100,000 – $149,999.99 | 0.20% | 0.20% |
| $150,000 + | 0.20% | 0.20% |
| 60 Month | ||
| $500 – $9,999.99 | 0.05% | 0.05% |
| $10,000- $49,999.99 | 0.10% | 0.10% |
| $50,000 – $99,999.99 | 0.15% | 0.15% |
| $100,000 – $149,999.99 | 0.20% | 0.20% |
| $150,000 + | 0.20% | 0.20% |
IRA FAQs
Common questions about our IRA accounts.
What is an IRA?
An IRA (Individual Retirement Account) is a type of savings account that helps you set aside money for retirement with potential tax advantages. There are different types like Traditional and Roth IRAs, each with their own rules on contributions, taxes, and withdrawals. IRAs are a great way to grow your savings over time and plan for your financial future.
Who can open an IRA?
Anyone with earned income (and a Social Security number) can contribute to an IRA, subject to annual IRS limits and rules.
Can I roll over my 401(k) or another IRA?
Certain retirement funds may be eligible for a direct transfer or rollover into an IRA. The tax treatment depends on the type of account, the receiving account, and how the transaction is completed. Some transactions, including certain Roth conversions, may be taxable. We can help explain the account options and transfer process, but members should consult a qualified tax professional regarding their individual tax consequences.
Is there a minimum to open an IRA?
Our IRAs can be opened with as little as $500.3
How does a Coverdell ESA differ from a 529 plan?
Coverdell ESAs and 529 plans have different contribution, eligibility, investment, and distribution rules. A Coverdell ESA may be used for certain qualified elementary, secondary, and higher-education expenses. Members should review current IRS requirements and consult a qualified tax professional when comparing education savings options.
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