If you expect to be in a higher tax bracket when you retire, you may benefit from a Roth IRA rather than a traditional one.

Your money is taxed the year you open your Roth IRA. When you make withdrawals later on, from the funds you’ve earned interest on, it could be entirely tax free.¹

 

 

Flexible IRA (includes Traditional, Roth, and CESA IRAs)

Balance Range for Dividends*	Nominal Rate/APY**
$0.00 to $99.99	0.00% / 0.00%
$100.00 to $4,999.99	0.20% / 0.20%
$5,000.00 to $9,999.99	0.35% / 0.35%
$10,000.00 or more	0.45% / 0.45%

IRA products can only be opened in branch.

*Average daily balance of $100 must be maintained to earn dividends. Dividends paid monthly.

** APY = Annual Percentage Yield

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Product Details

• Contributions are nondeductible and taxed as income in the year they are earned.
• Tax-free withdrawals for specific distribution reasons after a five-year holding period
• Distributions of contribution amounts are always free of penalty tax, regardless of the reason or timing.

Roth IRA Eligibility Requirements:

• You must have earned income, or your spouse must have earned income.
• Your modified adjusted gross income (MAGI) cannot exceed certain prescribed limits.

Tax-Free Withdrawal Distribution Reasons:

• After age 59 ½
• Permanent disability
• First-time home purchase
• Owner’s death

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Ready to get started?

Visit one of our 14 locations to open today!

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For complete details on IRA limits and requirements, please consult with a CUA representative.

*Average daily balance of $100 must be maintained to earn dividends. Dividends paid monthly.

**APY = annual percentage yield