IRA | Retirement Account | Investing

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An extension of your IRA Savings Account but with higher dividends

Low-risk option for IRA owners
Minimum deposit of $500.
Competitive, fixed rates.
Higher dividend rate than that of the IRA savings account.
IRA Share Certificate terms of 1-5 years are available
>72 years of age can take a Required Minimum Distribution (RMD) from an IRA Share Certificate without penalty

Retirement Accounts

Visit any of our branch locations and speak to a Member Services Representative to get started.

Education First offers terms of 1-5 years for IRA Share Certificates.

With a traditional IRA, eligible contributions are made tax-free and are only taxed when withdrawn during retirement, often when you're in a lower tax bracket. There is no age restriction for Traditional IRAs, so anyone at any age can contribute if they are still working. Traditional IRAs are also subject to Required Minimum Distributions (RMDs) starting at age 73.

With a Roth IRA, eligible contributions are not tax deductible. However, qualified distributions are tax-free, regardless of your tax bracket or income level. Roth IRAs are also subject to income limits, restricting how much you can contribute depending on your earnings and filing status. Additionally, Roth IRAs are not subject to RMDs, allowing funds to grow throughout your lifetime, effectively fund education, and even transfer to beneficiaries.

IRA Share Certificates offer a guaranteed rate at a set term. IRA savings accounts provide maximum flexibility at an interest rate that can change over time. IRA savings accounts are long-term savings options, where you can invest assets you deposit into stocks, bonds, ETFs, and other investments.