Individual Retirement Accounts (IRAs)
Make progress with a high-yield IRA.
Enjoy 5.15% APY5 on a 10-month Special Certificate.
Questions? We can help.
Connexus IRA Accounts
Choose the retirement account that works for your unique timeline and goals.
IRA Share Certificates
These Certificates offer a fixed yield and term with a fixed maturity.
Bump-Up IRA Share Certificate
The Bump-Up IRA Share Certificate yields offer the option to bump the rate once during the term.
| Term | APY3 |
|---|---|
| 24 months | 4.06% |
| Accurate as of 07/15/2024 | |
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 07/15/2024 | |
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 Funds are tax-free when withdrawn unless you are taxed for early withdrawal penalties before age 59 ½.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.