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Truity Credit Union

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Individual Retirement Account
as high as 0.10% APY

Individual Retirement Account (IRA) is a way to save for retirement. Both Traditional and Roth IRAs offer tax incentives to help save money.

IRAs can help you plan for retirement and for higher education expenses for your dependents. The benefits associated with IRAs are amazing and should make you feel like you "need" an IRA rather than just "want" one. If you can afford to invest money, you will benefit from the tax savings and compound interest earnings of IRAs. Some differences between an IRA and a regular savings account are:

  • An IRA allows you to contribute money into an account that holds earnings, tax-deferred, until you choose to withdraw your money. When you withdraw money from the IRA, you will have to pay taxes based on the tax bracket you are in at the time of withdrawal. In most cases, when you retire and you are over the age of 59 1/2, you will be in a lower tax bracket than when you are working. With a regular savings account, interest earnings are not tax-free.
  • When contributing funds to an IRA, you can invest in a multitude of investments. With these investments, an IRA will fluctuate with the various markets and interest rates. Some examples of IRA investments are: stocks, bonds, mutual funds, certificates of deposit (CDs), and money market deposit accounts. Generally, based on the historical performance of the stock market, returns of investment vehicles such as mutual funds have out-performed returns of savings accounts.
  • Regular savings accounts can usually be withdrawn from any time. With IRAs, withdrawals are limited.
  • IRAs have a set limit of contributions that can be made each year. With a regular savings account, you are able to contribute as much as you can afford each year.


Account APY Dividend Rate
IRA Share Account 0.10% 0.10%
Share Certificate 91 Days12 1.16% 1.15%
Share Certificate 182 Days 1.25% 1.24%
Share Certificate 5 Month 0.30% 0.30%
Share Certificate 11 Month 5.00% 4.90%
Share Certificate 12 Month 1.85% 1.83%
Share Certificate 18 Month 1.95% 1.93%
Share Certificate 19 Month12 4.75% 4.66%
Share Certificate 24 Month 2.05% 2.03%
Share Certificate 25 Month 3.00% 2.97%
Share Certificate 36 Month 2.45% 2.43%
Share Certificate 48 Month 2.55% 2.52%
Share Certificate 60 Month 3.00% 2.97%
Share Certificate 91 Day Jumbo12 1.00% 1.00%
Share Certificate 6 Mo. Jumbo 3.50% 3.45%
Share Certificate 9 Mo. Jumbo 3.50% 3.45%
Share Certificate 12 Mo. Jumbo 1.20% 1.19%
See Other Rates

IRA Share Certificates

$ 500 to open

Contact Us to Open

Ask Us To Set Up Account

Traditional & Roth IRA accounts available
No monthly or annual fees
Tax savings potential
$5 IRA Share Minimum Opening Balance
IRA Share Certificates Starting at $500
Digital Banking


IRA Certificate Calculator

0.30 1.85 1.95 4.75 2.05 3.00 2.45 2.55


12. 19 month and 91 Day Certificate not available for IRA.
Fees may reduce the earnings on some accounts. Annual Percentage Yield applies when the dividend is reinvested in the account. Rates are subject to change without notice.
An early withdrawal penalty will be imposed if Share Certificate funds other than credited dividends are withdrawn before the maturity date. A certificate may not be reduced below the required minimum balance. Share Certificates and HSA Certificates with terms of 24 months or less will forfeit 90 days of dividends whether earned or unearned. Share Certificates and HSA Certificates with terms greater than 24 months will forfeit 182 days of dividends whether earned or unearned. 91 Day Jumbo Certificates will forfeit 7 days of dividends whether earned or unearned.

The dividend rate and annual percentage yield may change at any time as determined by the credit union's board of directors. Dividends are paid from current income and available earnings after required transfers to reserves at the end of the dividend period. The dividend rate and annual percentage yield are the prospective rate and yield that the credit union anticipates paying for the applicable dividend period. Dividends begin to accrue on noncash items (i.e. checks) on the business day you make the deposit to your account. If you close your account before dividends are credited, accrued dividends will not be paid. Fees may reduce the earnings on any account.

See Rate and Fee Schedule.
Rates are subject to change without notice.
Truity Credit Union is federally insured by NCUA.