IRAs
Let’s start by defining the acronym. IRA stands for an individual retirement account.
That means this account focuses on helping you save for your future after you retire. It does this by offering either a tax-deferred or tax-free way to save your money over the years leading up to your retirement. There are three main types offered to most people:
IRA Certificate Rates
4.00%
APY* for 12 months
Roth or Traditional
4.10%
APY* for 36 months
Roth or Traditional
4.25%
APY* for 60 months
Roth or Traditional
Why Should You Get an IRA Savings Account?
Too many people put off saving for retirement. They always think there’s more time or their 401(k) will cover them. Unfortunately, neither of these thoughts are usually true. If you want to have a stress-free retirement, you need to try saving as much as possible now, so money won’t be an issue later.
So take the time today to look into our options for IRA savings accounts. Feel free to compare our IRA savings account rates with others and ask us any questions you might have about what we offer. You can easily reach us through the info on our contact page. We want you to be able to plan for the best retirement possible, and all of that starts with the right account here at Democracy FCU.
DFCU staff cannot answer tax-related questions. For tax questions, please speak with your tax advisor or visit the IRS website at www.IRS.gov.