IRAs
Rates for a Relaxed Retirement
We offer traditional IRAs and Roth IRAs. Term lengths range from six months to 60 months with an opening deposit between $100 and $1000. The rates are predictable and can be your choice of fixed or variable.
A traditional IRA allows you to defer taxes on your IRA contributions until retirement when you withdraw your funds. A traditional IRA can lower your taxes each year you contribute and helps if you’re in a lower tax bracket at retirement.
Consider a UFCU Roth IRA if you expect to be in a higher tax bracket when you retire. It is a non-deductible account that allows you to pay taxes on your contributions now, so you can withdraw your funds free and clear (for qualifying distribution reasons) after a five-year holding period. Deposits are allowed at any time, without required distribution based on IRA age.
All UFCU IRAs are federally insured to a maximum of $250,000, so you can feel secure in your savings.
Rates
Fixed-Rate IRA
| Term | Rate | APY |
|---|---|---|
| 6 Month | 4.169% | 4.25% |
| 12 Month | 3.928% | 4.00% |
| 24 Month | 3.928% | 4.00% |
| 24 Month Step-Up | 3.784% | 3.85% |
| 36 Month | 3.928% | 4.00% |
| 48 Month | 3.445% | 3.50% |
| 60 Month | 3.203% | 3.25% |
Variable-Rate IRA
| Term | Rate | APY |
|---|---|---|
| Variable | 0.010% | 0.01% |
Related Products and Services
Step-Up Certificates
Boost your retirement reserves by capturing a future rate increase on a one-time basis during your certificate term.
Fixed Annuities
An annuity is an insurance contract that can provide you with a guaranteed stream of income.
1 Dividends are calculated by the daily balance method. Dividends are based on UFCU's earnings at the end of a dividend period, and period and cannot be guaranteed. Fees could reduce earnings.
2 UFCU does not provide tax or legal advice. For such guidance, please consult a qualified tax and/or legal advisor.