Skip to main content

IRA Savings

/sites/default/files/styles/background_image/public/images/hero/full/ThinkstockPhotos-646011750-webedot_1.jpg?h=4882f77a&itok=Er7VxhgL

 

Give your retirement a head start

Saving for your retirement is important, and we've got options to fit your goals.

  • Traditional IRA Retirement Savings Accounts

    With Traditional IRA accounts your earnings (dividends) are tax-deferred and your contributions are often tax-deductible. Consult your tax professional to determine if your contributions are eligible for deduction.

  • Roth IRA Retirement Savings Accounts

    With Roth IRA accounts, your contributions are made after tax, and those contributions will be tax-free when withdrawn from retirement. Your earnings (dividends) are tax-deferred and may be tax-free when withdrawn after five years and a qualifying event, such as turning 59 ½. Regular contributions may be withdrawn tax-free at any time.

IRA Savings Rates

ProductMinimum BalanceDividend RateDividend Rate with 2,500 Co-op PointsAnnual Percentage Yield (APY)APY with 2,500
Co-op Points
IRA Savings AccountNo Minimum Balance0.03% 0.03% 
90 Days FixedOver $5001.00% 1.25% 1.00%1.25%
6 Month FixedOver $5003.20% 3.45% 3.24%3.50% 
9 Month FixedOver $5003.30% 3.55% 3.35%3.60% 
12 Month FixedOver $5003.15% 3.40% 3.19%3.45% 
15 Month FixedOver $5003.25% 3.50% 3.29%3.55% 
18 Month FixedOver $5003.25% 3.50% 3.29%3.55% 
22 Month FixedOver $5003.25% 3.50% 3.29%3.55% 
24 Month FixedOver $5003.35% 3.60% 3.40%3.66% 
29 Month FixedOver $5003.40% 3.65%3.45% 3.71% 
36 Month FixedOver $5003.40% 3.65%3.45% 3.71% 
48 Month FixedOver $5003.45% 3.70%3.50% 3.76% 
60 Month FixedOver $5003.50%3.75%3.55%3.81%
Rates subject to change at any time. Rates effective as of August 3, 2026.
Disclosures and additional details

An IRA (Roth and Traditional) can be opened with as little as $100 in an IRA Share Account. 

IRA Term Share Certificate options earn a higher rate of interest and can be opened with a minimum of $500. IRA Certificate terms range from 90 days to five years. A penalty will be imposed for early withdrawal of Term Deposit principal. For Certificates less than 1 year in duration the penalty is 3 months interest. For Certificates equal to or greater than 1 year in duration the penalty is 6 months interest.

Traditional IRA Retirement Savings Details

Eligibility: Anyone who has earned compensation (i.e. wages, salaries, tips, etc.) during the year of the contribution is eligible to contribute to a Traditional IRA.

Traditional IRA Aggregate Annual Contribution Limits (per tax year):
Contributions up to $6,000 per year (or up to $7,000 for those 50 years of age or older).

 

Roth IRA Retirement Savings Details

Eligibility: Anyone who has earned compensation (i.e. wages, salaries, tips, etc.) and does not exceed the Modified Adjusted Gross Income (MAGI)* limit is eligible to contribute to a Roth IRA. (See below for Annual Contribution Limits).

Roth IRA Aggregate Annual Contribution Limits (per tax year):
Contributions up to $6,000 per year (or up to $7,000 for those 50 years of age and older).

IRA Resources