It’s never too soon to start saving for the future. Whether you’re planning ahead for your child’s educational expenses or your own retirement, an Individual Retirement Account (IRA) from Interior FCU is a smart choice.
Our IRA Center gives you online options for opening your Individual Retirement Account, managing it, and connecting with IRA Specialists in the comfort and privacy of your own home. It also has educational articles on IRAs and retirement planning, planning tools, risk analyzers, investment options and the forms you need to complete your transactions.
We offer two types of IRAs: Traditional and Roth. Here are a few of the basic differences:
|Traditional IRA||Roth IRA
|Contributions are tax-deductible||Contributions are not tax-deductible
|Earnings grow tax-deferred||Earnings grow tax-free
|Withdrawals are taxed||Qualified withdrawals are tax-free|
|Contribute up to age 70 ½||Contribute at any age
|Mandatory distribution at age 70 ½||No mandatory distribution|
To learn more, take advantage of our free Retirement Planning Resources. We’re here to help you plan ahead and choose the options that best fit your personal situation!
Current IRA rates:
|No minimum deposit||0.45%||0.45%|
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You can also open an IRA Share Certificate for either type of IRA through Interior FCU.
APY = Annual Percentage Yield. More details are available in our Membership Disclosures.