Roth IRA
 

Key Features

Share Account Rate: 0.05% APY

IRA Certificate Rates

TermDividend RateAPY
1-Year0.800%0.80%
2-Year0.900%0.90%
3-Year1.000%1.00%
4-Year1.250%1.26%
5-Year1.500%1.51%
7-Year1.500%1.51%
  • Minimum opening deposit of $25 for Roth IRA Share Account
  • Minimum opening deposit of $1,000 for Roth IRA Certificate
  • Can make contributions after the age of 70 1/2
     

*Please see 'Details and Disclosures' below for important account information. 

Benefits

  • Eligible withdrawals are tax-free
  • Dividends grow tax free
  • Can convert a Traditional IRA to a Roth but certain rules may apply
  • Not required to take a distribution after the age of 70 ½
  • Savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government:  

Keep in Mind: Contributions to a Roth IRA are not tax deductible. Consult with a tax advisor.

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Home Equity Loans

Details and Disclosures

Annual Percentage Yield (APY) is accurate as of April 01, 2014 - April 30, 2014 and is subject to change at any time. Fees may reduce earnings.

To take a qualified distribution, and avoid any tax liabilities, you must wait until after the five-taxable-year period beginning with the taxable year in which you first contributed to a Roth IRA.

Annual Percentage Yield (APY) is accurate as of April 01, 2014 - April 30, 2014 and is subject to change at any time. Fees may reduce earnings.

Rates are subject to change monthly and are fixed for the term of the certificate. Certificates dividends compound daily. The minimum balance to open a certificate is $1,000.

*Note that any IRA Certificates opened or renewed prior to September 1, 2007, can be redeemed before maturity without a penalty, if the Member is at least 59 1/2 years old. A penalty will be imposed for early redemption of an IRA Certificate that was opened or renewed after September 1, 2007, regardless of the member's age. This fee could reduce your earnings.

 

Early Redemption Penalties 


Penalties are imposed for early withdrawal of IRA certificates. You must provide your request in writing.

Certificates having a term of 1 year or greater up to and including 4 years

If redeemed within 180 days of the issue date or any renewal date, all dividends will be forfeited

If redeemed thereafter, but before the maturity date, dividends for the most recent 180 days will be forfeited.

Certificates with a term of 5 years or greater
(applies only to certificates issued or rolled over on 3/15/11 or later)

If redeemed within 365 days of the issue date or any renewal date, all dividends will be forfeited.

If redeemed thereafter, but before the maturity date, dividends for the most recent 365 days will be forfeited.