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Scheduled maintenance will take place on Sunday, June 27, 2021, between 1:00 a.m. and 7:00 a.m. 
During this time, online banking and phone banking will be unavailable.  We apologize for any inconvenience.

IRA Savings

Today is a great day to start saving for your retirement. And we can help you along the path to a secure financial future. To get more information or to open an IRA, call us or stop by a branch.

Individual Retirement Accounts

IRA Savings Accounts

  • Tax deferred earnings on Traditional IRAs; tax-free earnings and withdrawals on Roth accounts
  • IRA accounts are insured separately up to $250,000 per account, in addition to the NCUA insurance available on other Democracy FCU accounts
  • To open an IRA call or stop by a branch.

Traditional, Roth IRA, Coverdell Education Savings & Variable Rate Share

  • No minimum deposit required
  • No minimum balance required

Individual Retirement Account Rates

Table data for IRA Rates
 Rates effective 06-22-2021
Account Type Dividend Rate APY1 Term Minimum Deposit Minimum Add'l Deposit Minimum Balance Notes Alert Me
Variable Rate Share Alert Me
Traditional, Roth IRA, or Coverdell Education Savings 0.50% 0.50% n/a None None None Balances of less than $3,500
Traditional, Roth IRA, or Coverdell Education Savings 0.75% 0.75% n/a None None None Balances of $3,500 and over
IRA Certificate Alert Me
Traditional or Roth 1.50% 1.51% 12 months $500 $25 $500
Traditional or Roth 1.80% 1.82% 36 months $2,000 $25 $2,000
Traditional or Roth 2.00% 2.02% 60 months $2,500 $25 $2,500
Certificate Alert Me
Coverdell Education Savings 1.00% 1.00% 12 months $500 $25 $500
Coverdell Education Savings 1.50% 1.51% 36 months $500 $25 $500
  • 1APY = Annual Percentage Yield. Fees may reduce earnings on the account. Variable rates are subject to change after the account is opened. The annual percentage yield (APY) is accurate as of the last dividend declaration date. Fees may reduce earnings on the accounts.