IRAs

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IRAs

A big step toward financial freedom.

Traditional and Roth IRAs offer

  • Immediate Tax Benefits
  • Flexibility

It’s no cliché that there’s no better time than the present to start investing for your future. 

How well do you understand IRAs?

Do you know which IRA makes the most sense for you—the nondeductible Roth IRA or the Traditional IRA?

Do you know there are additional options available for you if your earnings are from 1099 income?

Maybe you haven’t taken the time to look over your current IRAs, or maybe you have a 401k that would better serve you if rolled over into an IRA, where you’d have more control over your options.

To learn more about IRAs, speak with one of our Member Services representatives today, or for information about a full slate of investment options, including IRAs, schedule a no-fee, no-obligation meeting, 212.869.8926, option 6. Either way we can help you get started with an IRA.

Traditional IRA Brochure

Roth IRA Brochure

 

Investments through Royal Alliance Associates, Inc., member FINRA / SIPC, are not federally insured, are not obligations of the credit union, are not guaranteed by the credit union or any affiliated entity, and involve investment risks, including the possible loss of principal.
Term APY APR
Money Rate 0.15% 0.15%
6 months 0.10% 0.10%
12 months 0.25% 0.25%
24 months 2.00% 1.99%
36 months 0.65% 0.65%
60 months 0.75% 0.75%

APY = Annual Percentage Yield; APR = Annual Percentage Rate. Rates are subject to change without notice. Dividends begin accruing on the day of deposit and will be credited on the last day of each month (end of quarter for Share savings). Dividends are calculated using the Average Daily Balance computation method. This method applies a daily periodic rate to the principal in the account each day. If the account is closed before dividends are paid, the accrued dividend for that period will be forfeited. High-Yield Share Certificates and IRA Bonus Certificates - After a certificate account is opened, you may not make additions until maturity. You may not make withdrawals of the principal on a certificate account before maturity without penalty. You can withdraw earned dividends at any time during the life of the certificate without penalties. Penalties for early termination of an IRA Certificate do not include any state and/or federal penalties that may apply. Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. IRAs are separately insured up to $250,000.

Rates and terms subject to change without notice. As of 11/30/2023