Individual Retirement Accounts (IRAs) still offer many taxpayers one of the best "shelters" for deferring taxes on some income. In addition, IRAs are an excellent savings tool for setting aside funds for your retirement years. We offer Traditional, Roth, and Educational IRAs, IRA Share Savings accounts and Certificates.
All Savings Accounts Insured Safe
Every account at NUFCU is insured up to $250,000 by the National Credit Union Administration, an agency of the U.S. Government.
The Credit Union does not charge any administrative costs or fees for any of the IRA accounts. This assures that you earn the highest possible yield.
Both of these accounts pay excellent interest rates. Like an NUFCU savings account, interest is paid monthly and when compounded provides you with a higher annual return. Click here for current rate information.
IRA Share Saving
The IRA Share Savings account is available for deposits as often as you wish in any amount (up to your contribution limit). There is no minimum deposit amount or minimum balance requirement. Many members find payroll deduction a convenient method for making deposits. This account has a competitive variable interest rate.
IRA Share Certificate
The IRA Share Certificate features a fixed interest rate for any term from 3 to 60 months. These high-yield certificates are ideal if you would like to make a single lump sum investment, or if you want to have the interest rate fixed for the term of the certificate. The minimum deposit for an IRA Share Certificate is just $500.