Individual Retirement Accounts (IRAs)
Make progress with a high-yield IRA.
Enjoy 3.52% APY2 on a 12-month Jumbo Certificate.
Questions? We can help.
Connexus IRA Accounts
Choose the retirement account that works for your unique timeline and goals.
IRA Certificates
These Certificates offer a fixed yield and term with a fixed maturity.
Bump-Up IRA Certificate
The Bump-Up IRA Certificate yields offer the option to bump the rate once during the term.
| Term | APY3 |
|---|---|
| 24 months | 3.01% |
| Accurate as of 11/21/2024 | |
IRA Savings Accounts
These accounts have variable interest and no fixed term. Plus, there’s no minimum opening deposit required.
| Balance | APY4 |
|---|---|
| $10,000 and over | 0.40% |
| $0 to $9,999.99 | 0.25% |
| Accurate as of 11/21/2024 | |
Features
Versatile options
Traditional and Roth IRAs are available.
Fast growth
Your dividends are compounded quarterly.
Reliable protection
Your money is federally insured by the National Credit Union Administration (NCUA) to at least $250,000. Learn more at MyCreditUnion.gov.
Traditional vs Roth
Traditional IRAs
These are potentially tax-deferred retirement plans. Your qualified contributions may be tax-deductible and can be made at any age, as long as you have earned income. Taxes are paid on your funds at the time of withdrawal.
Annual contribution limits for Traditional IRAs
| Age | 2023 | 2024 |
| Under 50 | $6,500 | $7,000 |
| 50 and Over | $7,500 | $8,000 |
Roth IRAs
Roth IRA contributions are made with after-tax dollars. Funds are tax-free when withdrawn unless you are taxed for early withdrawal penalties before age 59 ½. As long as you have earned income, contributions can be made at any age.
Annual contribution limits for Roth IRAs
| Age | 2023 | 2024 |
| Under 50 | $6,500 | $7,000 |
| 50 and Over | $7,500 | $8,000 |
FAQs: You asked. We answered.
How do I open a Traditional or Roth IRA?
To apply for a Traditional or Roth IRA, please call our Member Contact Center at 800.845.5025, and we’ll help you get started.
I don’t know which IRA is right for me. How can I figure that out?
Can I still contribute to my Traditional IRA if I make too much money for an IRA tax deduction?
Yes. There are no income limits to make contributions to a Traditional IRA. However, it is possible to be affected by filing status and participation in an employer retirement plan. Contributions must not exceed IRS limits. For more details, visit IRS.gov.
What is the maximum I can contribute to my Roth IRA?
Can I contribute to both a Traditional and a Roth IRA?
Yes, as long as you do not exceed the contribution limits set by the IRS. See a tax professional for more details of visit IRS.gov for IRA limits.