Prepare for the Financial Future You Want
Safeguard your earnings as they grow, with an IRA Certificate. It allows you to save for a set period of time at a guaranteed, fixed rate. Choose from a Traditional CD IRA or a Roth CD IRA.
Earn guaranteed returns at competitive rates with an IRA certificate from CRFCU.
- Flexible deposit amounts
- Planning ahead
- High dividend earnings
Open an IRA Share Certificate
IRA Share Certificates
With an IRA Share Certificate, you can lock in the rates of a Certificate which are the benefits of an IRA. Therefore, you receive high yields, paid monthly, while your earnings are tax-deferred until you begin making withdrawals.
Benefits of a Share Certificate:
Tiered balance rate structure*
$500 minimum deposit
Terms from 3 to 60 months
Fixed rate until maturity*
Federally insured by the NCUA
Depositing over $50,000? Click here for our Super Share Certificate rates.
Deposits are Federally Insured up to $250,000 by the National Credit Union Administration.
Traditional IRA vs ROTH IRA
|Items||Traditional IRA||Roth IRA|
|Description||Our traditional IRA allows you to save for retirement with a guaranteed, fixed rate. Earnings are tax-deferred and your contributions may be tax-deductible.||Earnings are guaranteed at a fixed rate and grow tax-free. You pay taxes on your contributions now, but earnings are tax-free upon withdrawal.|
|Ideal If||You want to reduce your current taxable income, and don't plan on making withdrawals until retirement, at age 59 ½.||You want to reduce your taxable income at retirement, you need more flexibility for withdrawals, or you may work past age 72.|
|Tax Advantages||You may be able to reduce your current income taxes now. You don't pay taxes until you make a withdrawal, typically when you are in a lower tax bracket.||All earnings grow tax-free, and you don't pay taxes when you make a withdrawal, typically when you are in a lower tax bracket.|
|Withdrawals||Withdrawals are taxable income. Withdrawals made before age 59½ could be subject to a 10% penalty.||Earnings that have been in the account for 5 years are tax-free if you are at least 59½. Contributions can be withdrawn anytime with no penalty or taxation.|
|Mandatory Withdrawals||Age 70½ for IRA owners born before July 1, 1949, and age 72 for those born on or after July 1, 1949||None|