IRA Options   

Earn Up To

1.10% 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 9/22/2020 and may change at any time without notice.

**For information on the tax ramifications of these accounts, please consult your tax advisor.