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Neighborhood Credit Union
Routing #311079270
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Routing #311079270
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Routing #311079270
 
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Individual Retirement Savings (IRA)

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

Account Details

Traditional or Roth IRA

Federally Insured by NCUA

Certificates of Deposit (CDs)

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Earnings grow tax-free on after-tax contributions, and can be withdrawn penalty-free for a first-time home purchase, higher education expense, medical expenses, in the event of your death or permanent disability, or if you are at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.
 
 

Choose how you would like to open your Traditional or Roth IRA:

 

IRA & Roth IRA Certificate


3.25% APY*

Minimum Opening Deposit: 
$2,500
Term Interest APY*
91 days 1.00% 1.00%
6 months 1.24% 1.25%
12 months 2.47% 2.50%
18 months 2.62% 2.65%
30 months 2.96% 3.00%
36 months 2.96% 3.00%
48 months 2.96% 3.00%
60 months 3.20% 3.25%
Additional deposits allowed; yearly IRS contributions limits.
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Individual Retirement Savings

0.15% APY*

A savings account that gives you flexibility with your money. Fixed Interest Rate: 0.15%
Minimum Opening Deposit: $100
Minimum Balance to Earn Dividend: $100

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Already a member and want to open another account online?

 
If you are already a member of Neighborhood CU and you would like to open your new IRA certificate or savings account online, please log into your Online Banking account and look under the Additional Services tab.


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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Membership

Read more about what it means to be a member of a credit union, how it works, and how it benefits you.
 

Frequently Asked Questions

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 IRS.gov to learn more about IRA contribution and deduction limits, distributions, and beneficiaries.
*APY = Annual Percentage Yield. Please see the certificate Truth-In-Savings Disclosures(Opens in a new Window) for more details.