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.
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 Earnings grow tax-deferred||Contributions are not tax-deductible
|Withdrawals are taxed||Earnings grow tax-free
|Contribute up to age 70 ½||Qualified withdrawals are tax-free|
|Mandatory distribution at age 70 ½||Contribute at any age
|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:
|$10 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.
For additional information or assistance, please call us at 800-914-8619.
APY = Annual Percentage Yield.