Individual Retirement Accounts

Start Saving Today for the Retirement You Want Tomorrow.

The earlier you begin saving for retirement, the more opportunity your money has to grow over time.

Circle Federal Credit Union offers Individual Retirement Accounts (IRAs) designed to help members build retirement savings while taking advantage of the potential tax benefits available through Traditional and Roth IRA accounts.

Whether you're just beginning to save for retirement or looking for another way to grow your existing retirement funds, an IRA can be an important part of a long-term financial strategy.

Choose the IRA That's Right For You

Circle Federal Credit Union offers both Traditional IRAs and Roth IRAs, giving you flexibility when deciding how you want your retirement savings to be treated for tax purposes.

Traditional IRAs

A Traditional IRA may allow you to make contributions that are tax deductible, depending on your individual circumstances and applicable tax rules.

Your earnings can grow on a tax-deferred basis, meaning you generally don't pay taxes on those earnings until you withdraw the money.

A Traditional IRA may be worth considering if you're looking for potential tax deductions today while saving for retirement in the future.

Roth IRAs

With a Roth IRA, contributions are not tax deductible.

However, qualified earnings and withdrawals are generally tax-free, provided applicable IRS requirements are met.

A Roth IRA may be an attractive option for savers who prefer to pay taxes on their contributions now in exchange for the potential for tax-free qualified withdrawals later.

Traditional vs. Roth IRAs at a Glance

Important: IRA tax treatment depends on your individual circumstances and current IRS rules. Consider consulting a qualified tax professional for advice regarding your specific situation.

IRA Share Savings

Build Your Retirement With Flexibility

An IRA Share Savings Account provides a flexible way to save for retirement without committing your entire balance to a fixed term.

You can open an IRA Share Savings account with no minimum balance requirement, making it accessible whether you're starting with a small amount or transferring a larger retirement balance.

IRA Share Savings Benefits

• Traditional and Roth IRA options available
• No minimum balance required
• Competitive monthly dividends
• Dividends are calculated on the daily balance over $100
• Dividends are compounded and credited monthly
• Direct deposit accepted
• No maintenance fees
• Federally insured savings through the NCUA, subject to applicable insurance limits

An IRA Share Savings account may be a good choice if you want your retirement savings to remain accessible within the account while continuing to earn dividends.

IRA Term Share Certificates

Lock In a Rate for Your Retirement Savings

If you have retirement funds that you don't expect to need immediately, an IRA Term Share Certificate can provide another way to grow your retirement savings.

IRA Term Share Certificates allow you to deposit a minimum of $100 for a selected term and earn a stated dividend rate for that term.

Circle FCU currently offers IRA certificate terms of:

• 12 months
• 24 months
• 36 months

Dividends are compounded and credited monthly. All IRA Term Share Certificates are subject to an early withdrawal penalty. Rates are subject to change without prior notice.

Why Consider an IRA Certificate?

An IRA certificate may be appropriate if you:

• Have retirement funds you don't expect to need during the certificate term
• Prefer a predictable dividend rate
• Want to choose a defined savings period
• Want to add a fixed-rate component to your retirement savings
• Prefer a low minimum deposit

Before opening a certificate, consider when you may need access to your funds. Early withdrawal penalties may apply.

View Current Rates