Personal > Investing > IRAs

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Individual Retirement Accounts (IRAs)

Start funding your second childhood today.

Build A Financial Foundation For Your Golden Years

We’re here to help you secure the retirement that you deserve.

IRA Certificates

Open with a $500 minimum

Choose a timeline from 6 to 60 months

Similar to Saving Certificates but provide the added advantage of tax-deferred dividends

Available to those who meet all IRS IRA eligibility requirements and have earned income in the current tax year

Insured by the NCUA to at least $250,000

IRA Share Accounts

Low minimum of just $1 to start

Traditional, ROTH, and Coverdell Education Savings Accounts available

Contributions may be deducted from taxable income

Available to those who meet all IRS IRA eligibility requirements and have earned income in the current tax year

Insured by the NCUA to at least $250,000

 

ROTH, Traditional & Coverdell Education Savings Accounts

Consult with your tax advisor for more information on tax deferment, deductions, withdrawals* and other guidance on the right Individual Retirement Account (IRA) for you.

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ROTH/Traditional IRA

Annual contributions cannot exceed $6,500 in the 2023 tax year

If you are 50 years or older, you can contribute an additional $1,000, totaling $7,500 for the 2022 and 2023 tax year

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Coverdell Education Savings Account (ESA)

Formerly known as an Education IRA, a Coverdell ESA is an ideal choice for those saving for future education costs

Contributions cannot exceed $2,000 per tax year per child

IRA Rates

IRAs

Account

Minimum balance to earn dividends

Dividend rate

Annual Percentage Yield*

*Annual Percentage Yield is effective September 26, 2023. Rates are subject to change without notice. Dividends are credited monthly. Fees could reduce earnings on these accounts. If you have any questions or require additional information, please call us at (904) 475-8000. RadiFi serves those who live/work/learn/worship in the Florida counties of Duval, St. Johns, Nassau, Baker and Clay.

Account

Traditional/Roth IRA

Minimum balance to earn dividends

$100

Dividend rate

0.099%

Annual Percentage Yield*

0.100%

Account

Coverdell ESA

Minimum balance to earn dividends

$5

Dividend rate

0.099%

Annual Percentage Yield*

0.100%

Open an IRA Account

CRUNCH YOUR NUMBERS

Run some numbers with our free calculators.

*The information provided by these calculators is for illustrative purposes only and accuracy is not guaranteed. The values shown are hypothetical and may not be applicable to your individual situation or guarantee extension of credit. Be sure to consult a financial professional prior to relying on the results.

Open An IRA Account Today

IRA Accounts may be opened online or at any RadiFi branch.

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904-475-8000

Disclosures

*Penalties may apply to early withdrawals from an IRA account. Please consult with your tax advisor for more information on rules for IRA withdrawals.

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