Save for retirement with tax advantages
Secure your future
Retirement Account (IRA)
Save for retirement with tax advantages and competitive dividends, with Traditional and Roth IRA options.
Current rate — check with an advisor
Apply online →Retirement Account
Build the retirement you want today
Plus, your deposits are federally insured up to $250,000 per individual account.
Traditional and Roth IRA options
Federally insured deposits
Check your account online or from the mobile app
Secure your future
Types of retirement accounts
Choose the way of saving for retirement that suits you best.
Certificate IRA
An IRA with a fixed term and a guaranteed rate for the entire term you choose.
Savings IRA
An IRA with no fixed term, with dividends and flexible access to your account.
Traditional IRA vs. Roth IRA
A general comparison. Tax rules can change: check with a tax advisor before deciding.
| Feature | Traditional IRA | Roth IRA |
|---|---|---|
| Contributions | May be tax-deductible, depending on your situation and current law. | Not tax-deductible. |
| Earnings | Grow tax-deferred until you withdraw them. | Qualified withdrawals are tax-free. |
| Withdrawals | Generally penalty-free starting at the age set by law. | Contributions can be withdrawn penalty-free; earnings, starting at the age set by law. |
| Early withdrawal | Taxes and penalties may apply, with exceptions. | Taxes and penalties may apply to earnings, with exceptions. |
| Required distributions | Apply starting at the age set by current law. | Do not apply during the account holder's lifetime. |
How to get started
Opening your IRA is simple. Here are the general steps.
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01
Choose your IRA type
Decide between a Traditional or Roth IRA, and whether you prefer it as a certificate or savings account.
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02
Complete the agreement
Complete the IRA account opening agreement and the form for the IRA type you chose.
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03
Transfer your funds (optional)
If you already have an IRA at another institution, you can request a direct transfer.
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04
Submit your documentation
An advisor will let you know the available channels for submitting your forms.
Retirement Account Rates
Reference rates for your IRA
Minimum opening deposit: $0. The rates shown are reference values — check with an advisor for current rates.
| Account type | Term | APY |
|---|---|---|
| Savings IRA | No fixed term | 0.00% |
| Certificate IRA | 12 months | 0.00% |
| Certificate IRA | 24 months | 0.00% |
| Certificate IRA | 36 months | 0.00% |
| Certificate IRA | 60 months | 0.00% |
National Credit Union Share Insurance Fund
Your deposits are federally insured by the National Credit Union Administration (NCUA), an independent agency of the U.S. Government, up to $250,000 per individual account. Retirement accounts (IRAs) are insured separately from other deposits.
Additional coverage
Additional coverage may be available through a private insurer for balances that exceed the maximum covered by the NCUA. Check with an advisor for current details.
Apply online
Complete the form below to start your application.
Frequently asked questions about the Retirement Account (IRA)
What is an individual retirement account (IRA)?
It's a savings account designed for retirement that offers tax advantages. You can open it as a Traditional or Roth IRA.
What's the difference between a Traditional and a Roth IRA?
With a Traditional IRA, contributions may be deductible and taxes are paid upon withdrawal. With a Roth IRA, contributions are not deductible, but qualified withdrawals are tax-free. Check with a tax advisor to see which one is right for you.
Can I transfer my IRA from another institution?
Yes. You can request a direct transfer from another institution. An advisor will guide you through the process.
How much can I contribute each year?
Contribution limits are set by the IRS and can change each year. Check with a tax advisor to learn the current limit.
Is there a penalty for withdrawing my money early?
Taxes and penalties may apply to early withdrawals, with some exceptions. Certificates may also carry an early withdrawal penalty. See your account disclosure document.
Do I need to be a member of Christian Credit Union to open this account?
An advisor will confirm the membership requirements once they receive your application.