Meet the challenge of Retirement by taking advantage of great rates that help you grow your retirement fund!*
*Rates effective 1/11/2018 and subject to change. Minimum $1,000 opening deposit requirements ($500 opening deposit for minor children) and early withdrawal penalties apply. Membership eligibility required. Contact 1st CCU for full details. Consult your tax advisor regarding income and contribution limits and to obtain further information which may apply to this account. The IRA also provides guidance in Publication 590 which can be found online at IRS.GOV. Federally insured by NCUA.
**APY = Annual Percentage Yield
| Term || APR / || APY** |
| 12 Mo RECENT INCREASE! || 1.15% / || 1.16% APY |
| 18 Mo || 1.25% / || 1.26% APY |
| 24 Mo || 1.40% / || 1.41% APY |
| 30 Mo || 1.60% / || 1.61% APY |
| 36 Mo || 1.75% / || 1.77% APY |
| 48 Mo || 2.00% / || 2.02% APY |
| 60 Mo RECENT INCREASE! || 2.35% / || 2.38% APY |
A Traditional IRA offers tax-deferred earnings & the possibility of tax-deductible contributions. These tax advantages make the traditional IRA a powerful tool in creating a balanced, long-term savings plan.
The Roth IRA offers more incentives to boost your retirement nest egg. Unlike traditional IRA's, your contributions to a Roth IRA are never tax-deductible. The money in your Roth IRA, including earnings, can be withdrawn tax-free. Must conform to plan provisions to get this tax-free advantage.
Education IRA (Coverdell Education Savings Account)
The purpose of the Coverdell ESA is to help you pay for your child's education expenses such as tuition, fees, books & supplies. Contributions to a Coverdell ESA are never tax-deductible. A Coverdell ESA offers you the potential for tax-free withdrawals - including earnings.
Your IRA savings are federally insured separately from your regular savings, up to $250,000. Consult your tax advisor regarding income and contribution limits and to obtain further information which may apply to this account.