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Routing #311079270
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Individual Retirement Account (IRA)

Flexible options that give you the power to choose how and when you save for retirement.

Account Details

Traditional or Roth IRA

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Federally Insured by NCUA

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Certificates of Deposit (CDs)

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Share Savings Account

Traditional IRA

Contributions are tax deductible if you are single, or married and neither spouse is an active participant in a qualified retirement plan, regardless of income. Many retirees find themselves in a lower tax bracket than they were in pre-retirement, so the tax-deferral means the money may be taxed at a lower rate. Penalty-free withdrawals before age 59 for first-time home purchases or to pay for qualified higher education expenses.
You can choose to open either a share savings account or certificate of deposit for this type of IRA.

Roth IRA

Earnings grow tax-free on after-tax contributions, and can be withdrawn penalty-free for a first-time home purchase, higher education expense, medical expenses, in the event of your death or permanent disability, or if you are at least 59 ½ years of age. You can choose to open either a share savings account or certificate of deposit for this type of IRA.


Traditional or Roth IRAs must be opened in a branch:


IRA & Roth IRA Certificate

3.40% APY*

Additional deposits allowed with $25 minimum; yearly IRS contributions limits.

Minimum Opening Deposit: $2,500

Term Interest APY*
12 months 4.40% 4.50%
18 months 3.97% 4.05%
30 months 3.73% 3.80%
36 months 3.54% 3.60%
48 months 3.44% 3.50%
60 months 3.34% 3.40%

Individual Retirement Savings

0.10% APY*

A savings account that gives you flexibility with your money.
Fixed Interest Rate: 0.10%
Minimum Opening Deposit: $100
Minimum Balance to Earn Dividend: $100

 Ready to open an Individual Retirement Account (IRA)?

Benefits of an IRA

Tax Advantage

Save money for retirement with tax-free growth or on a tax-deferred basis.

Supplement Your 401(k)

You can contribute to both a 401(k) and an IRA for maximum retirement savings.

Flexible Options

Choose between IRA account types to best suit your needs and goals.

What's the difference?

Click the "Compare IRA Options" button to see a comparison chart highlighting similarities and differences between the two account types.
Compare IRA options
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Cash Back Checking

Earn cash back rewards with no minimum balance.

Frequently Asked Questions

To open an IRA savings account or certificate of deposit, please visit one of our branches.
Yes, both the Traditional and Roth IRA account funds opening through Neighborhood Credit Union are federally insured by the National Credit Union Administration (NCUA) up to $250,000.
Visit to learn more about IRA contribution and deduction limits, distributions, and beneficiaries.

*APY = Annual Percentage Yield. Certificate of deposit rates effective July 5, 2024. Savings account rates effective March 1, 2023. Please see the certificate Truth-In-Savings Disclosures(Opens in a new Window) for more details.