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Individual Retirement Accounts (IRAs)

Make progress with a high-yield IRA.

Enjoy 5.25% APY on a 10-month special IRA Certificate.‍3

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.

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Bump-Up IRA Share Certificate

The Bump-Up IRA Share Certificate yields offer the option to bump the rate once during the term.

IRA Certificate – Bump-up Rates
TermAPY‍5
24 months4.06%
Accurate as of 03/18/2024
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IRA Savings Accounts

These accounts have variable interest and no fixed term. Plus, there’s no minimum opening deposit required.

IRA Savings Account Rates – New
BalanceAPY‍6
$10,000 and over0.40%
$0 to $9,999.990.25%
Accurate as of 03/18/2024
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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

IRA Contribution Limits
Age20232024
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 Funds are tax-free when withdrawn unless you are taxed for early withdrawal penalties before age 59 ½.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

IRA Contribution Limits
Age20232024
Under 50$6,500$7,000
50 and Over$7,500$8,000

FAQs: You asked. We answered.

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.

To determine which IRA is best for you, please consult your tax professional.

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 or visit IRS.gov.

Your annual Roth IRA contributions cannot exceed your annual compensation or the limits set by the IRS, whichever is less. See a tax professional for more details or visit IRS.gov for IRS limits.

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.

Disclosures

APY = Annual Percentage Yield

See our Fee Schedule for a list of fees you may encounter.

Because these accounts have different features and deposits are based on your personal tax situation, contact your tax or legal professional or the IRS for specific tax information about state or local income taxes. This is intended to provide general information on federal regulations pertaining to Traditional and Roth IRAs. It is not meant to provide legal advice or individual tax recommendations. IRA contribution limits are determined by the IRS and apply to any financial institution, not just Connexus.

  1. Rates are accurate as of 03/18/2024 and are subject to change. Connexus Credit Union membership and $5,000 opening deposit required. A penalty will be imposed for early withdrawal. Fees may reduce earnings. Offer not valid on business or organization accounts.
  2. Rates are accurate as of 03/18/2024 and are subject to change. Connexus Credit Union membership and $100,000 minimum deposit required. A penalty will be imposed for early withdrawal. Offer not valid on business or organization accounts.
  3. Rates are accurate as of 03/18/2024 and are subject to change. Connexus Credit Union membership and $5,000 minimum deposit required. A penalty will be imposed for early withdrawal. Offer not valid on business or organization accounts. Special certificate renews automatically to a standard 12-month term at the rate in effect at the time of renewal, unless instructed otherwise.
  4. Rates are accurate as of 03/18/2024 and are subject to change. Connexus Credit Union membership and $100,000 minimum deposit required. A penalty will be imposed for early withdrawal. Offer not valid on business or organization accounts. Special certificate renews automatically to a Jumbo 12-month term at the rate in effect at the time of renewal, unless instructed otherwise.
  5. Rates are accurate as of 03/18/2024 and are subject to change. Connexus Credit Union membership and $5,000 minimum deposit required. A penalty will be imposed for early withdrawal. Offer not valid on business or organization accounts. Bump-Up Share Certificates allow a one-time rate increase during the original term plus a one-time rate increase during each subsequent term. You must exercise the bump-up rate increase option during the then-current term. Please see the Truth-in-Savings disclosure for more information.
  6. APY accurate as of 03/18/2024 and are subject to change. Connexus Credit Union membership required. Fees may reduce earnings. ATM transactions not included.