Earn Up To
3.10% APY*
A minimum opening deposit of $250 is required to open an IRA Share. A minimum deposit of $1,000 is required to open an IRA Share Certificate.
Individual Retirement Accounts
Individual Retirement Accounts (IRAs) are a popular method of saving for retirement. Any member of Communication Federal Credit Union with at least $5 in a share account can set up an IRA if you have taxable compensation during the year.
CFCU offers Traditional and Roth IRAs. These accounts provide you with tax-advantaged** options when saving for retirement. If you haven’t thought about an IRA as a great tool for saving lately, visit your nearest CFCU branch or call 800.522.3535 to learn about the options.
Tax-Advantaged** Retirement Savings Options
Traditional and Roth IRAs Available
Choose from IRA Share Accounts and IRA Share Certificates
Dividends Paid Monthly
IRAs are Federally Insured by NCUA
IRA Share Accounts**
CFCU’s IRA Share account offers a competitive interest rate and the flexibility to access your funds when you need them.
$250 Minimum Opening Balance
One-Time $10 Origination Fee
Dividends Paid on a Tiered Balance Schedule
Dividends Compounded and Paid Monthly on the Daily Balance for that Period
Regular IRA Rates may Change Monthly
IRA Share Certificates**
You may find it beneficial to open a Communication Federal Credit Union IRA share certificate which enables you to “lock in” an interest rate for a period of time. IRA share certificate rates are the same as our regular certificate rates. Otherwise, the account works like a regular IRA.
$1,000 Minimum Opening Balance
One-Time $10 Origination Fee
Dividends Compounded and Paid Monthly on the Daily Balance for that Period
Fixed Rate for the Term of the Certificate
*APY = Annual Percentage Yield. Rates accurate as of 8/6/2024 and may change at any time without notice.
**For information on the tax ramifications of these accounts, please consult your tax advisor.