individual retirement account (IRA)
Start exploring your options and kickstart your journey for how and when you want to retire.
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explore our IRA banking options
Ready to find the perfect account for your retirement goals? Our IRA banking options offer a range of tailored retirement accounts, including Traditional and Roth IRAs, Education IRAs, IRA Money Market, IRA Certificates, and Ladder IRA Certificates.
An IRA Certificate provides a great avenue for saving towards retirement with guaranteed returns. With flexible terms starting at just 3 months, you have the freedom to choose the investment duration that aligns with your financial goals. Additionally, starting with a minimum investment of $500, IRA Certificates offer accessibility to you at various stages of your retirement planning journey, plus, there are possible tax advantages3
features
- Returns: Secure your retirement savings with guaranteed returns.
- Customizable Terms: Tailor your investment duration with terms starting at 3 months.
- Tax Benefits: Explore potential tax advantages for your contributions.3
- Balance: A minimum balance of $500 is required.
IRA Money Market |
||
|---|---|---|
| Effective Date: April 01, 2025 | ||
| Minimum Amount | Dividend Rate | APY1 |
| $0 | 0.000% | 0.00% |
| $1,000 | 0.100% | 0.10% |
| $100,000 | 0.200% | 0.20% |
| $250,000 | 0.300% | 0.30% |
| [1] Annual Percentage Yield (APY) accurate as of the last dividend declaration date. Rates may change after account is opened. Fees may reduce earnings on the account. | ||
An IRA Money Market account offers the advantage of earning competitive rates starting at $1,000, helping your retirement savings grow steadily. With its tiered structure, this account guarantees the best rate for your balance, providing a secure and accessible option for members who seek both stability and growth in their retirement portfolio.
features
- Competitive Rates: Earn competitive Money Market rates starting at $1,000.
- Tiered Account: Tiered account ensuring the best rate for your balance.
additional IRA options
Traditional IRA
Traditional IRAs defer taxes on your money until you take it out at age 59 ½ or older. Contributions to a Traditional IRA may be tax-deductible.3
Roth IRA
Roth IRAs can grow tax-free. So, if you think you’re going to be in a higher tax bracket when you’re 59 ½, changing things over to a Roth IRAs may be best.
Education IRA
An Education IRA is a good idea if you want to save up for your child’s college expenses. You can save up to $2,000 per child and withdrawals are tax-free when used for their education costs. But, contributions are not tax-deductible.
Ladder IRA Certificate
So, Ladder IRA Certificates are 5-year certificates with a term built into five certificates. The terms are 1-5 years at the regular certificate rate. Each maturing certificate automatically renews into a 5-year certificate or has the option of being redeemed. The minimum balance requirement on these is $5,000.
APY=Annual Percentage Yield. APY accurate as of 4/1/2025. Subject to change without notice. Rates include a 0.10% APY increase when the owner of this account who will receive the tax statement (the “Tax Reported Owner”) is the Tax Reported Owner of an Ultra Checking account with an average monthly balance of at least $1.00. Rates may change after the account is opened. If requirements are not met, rates are 4.00% for 5 months, or 3.50% for 13 months. A penalty may be charged for early withdrawal. Fees may reduce earnings on the account. Minimum balance required is $500. 5 month certificate renews to 3 month standard certificate at maturity, 13 month certificate renews to 12 month standard certificate at maturity, Rates are based on current rates at the time of renewal. Only personal share certificates are eligible for advertised rates; business share certificates also available although rates may differ.
[1] Annual Percentage Yield (APY) accurate as of the dates posted on this page. Rates subject to change.
[2] Bonus rate of 0.10% APY when the owner of this account who will receive the tax statement (the “Tax Reported Owner”) is the Tax Reported Owner of an Ultra Checking account with an average monthly balance of at least $1.00. A penalty may be charged for early withdrawal. Rates may change after account is opened. Fees may reduce earnings on the account.