Individual Retirement Account Certificates - VFCU

Individual Retirement Account Certificates

A financially-savvy retirement option for those who don’t have a 401K through their employer. Individual Retirement Accounts (IRA) Certificates are a tax-advantaged retirement savings accounts where you contribute money that has already been taxed, and it grows.

A plus, to opening up an IRA now, for retirement, is that once you pull out the money over several years, you do not have to pay taxes on it again.

We offer IRA, Roth IRA, Educational IRA, and Share IRA Certificates.

IRA Certificates

Term Rate APY
12 MO 0.70% 0.70%
18 MO 0.80% 0.80%
30 MO 0.90% 0.90%

Comments & Restrictions

  • $1,000 Minimum to open. Subject to federal tax penalties & restrictions. Also subject to early withdrawal penalty.

 

Roth IRA Certificates

Term Rate APY
12 MO 0.70% 0.70%
18 MO 0.80% 0.80%
30 MO 0.90% 0.90%

Comments & Restrictions

  • $1,000 Minimum to open. Subject to federal tax penalties & restrictions. Also subject to early withdrawal penalty.

 

Educational IRA Certificates

Term Rate APY
12 MO 0.70% 0.70%
18 MO 0.80% 0.80%
30 MO 0.90% 0.90%

Comments & Restrictions

  • $500 Minimum to open. Subject to federal tax penalties & restrictions. Also subject to early withdrawal penalty.

 

Share IRA Certificates

Type Rate APY
IRA Share Account 0.35% 0.35%
Roth IRA Share Account 035% 0.35%
Educational IRA Share Account 0.35% 0.35%

Comments & Restrictions

  • $25.00 Minimum to open. Dividends are paid on balances over $25.00