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.
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
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
|
Account |
Minimum balance to earn dividends |
Dividend rate |
Annual Percentage Yield* |
|---|---|---|---|
|
*APY = Annual Percentage Yield. APY stated is effective as of 03/01/2024 and subject to change at any time without notice. |
|||
|
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% |
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.
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.