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IRA Solutions To Help Reach Your Long Term Savings Goals

Start building a secure financial future and plan for a comfortable retirement. Open a Finex Credit Union Roth IRA or a Traditional IRA account today to invest and grow your savings steadily.

What Is An IRA?

Start saving for retirement with an IRA (Individual Retirement Account) and enjoy peace of mind knowing you have a plan!

The two most common IRAs are the Traditional IRA (funded with pre-tax dollars, but you'll pay taxes when you make withdrawals down the line) and the roth IRA (funded with after-tax money). To help you select which IRA is best, be sure to compare contribution limits and when you can start withdrawing your money.

You can save for that too! Explore our IRA options below to see which best fits your needs.

Understanding-what-an-IRA-is-will-help-you-make-an-informed-decision-about-your-financial-future.

Get in touch to open your IRA:

IRA Rates

Term

Premier Membership Dividend Rate

Premier Membership APY¹

General Membership Dividend Rate

General Membership APY¹

Term

IRA Money Maximizer

Premier Membership Dividend Rate

0.250%

Premier Membership APY¹

0.250%

General Membership Dividend Rate

0.250%

General Membership APY¹

0.250%

Term

Roth Maximizer

Premier Membership Dividend Rate

0.250%

Premier Membership APY¹

0.250%

General Membership Dividend Rate

0.250%

General Membership APY¹

0.250%

Term

IRA 9 months IRA CD Special

Premier Membership Dividend Rate

4.170%

Premier Membership APY¹

4.251%

General Membership Dividend Rate

General Membership APY¹

Term

IRA 30 months IRA CD Special

Premier Membership Dividend Rate

1.980%

Premier Membership APY¹

1.998%

General Membership Dividend Rate

General Membership APY¹

1 APY = Annual Percentage Yield. Rates are subject to change. Dividend rate and annual percentage yield may change at any time without notice. Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day, then compounded and credited every month. Contact memberservices@finexcu.org for CD rates greater $75,000.

New Money is considered funds not already on deposit at Finex Credit Union.

An early withdrawal penalty may apply to share certifications if you withdraw any of the principal before the maturity date.

Build Your Nest Egg

IRA Perks & Benefits

What's in store for you 10, 20, 30, or 40 years down the road? Explore the IRA options available with Finex Credit Union and enjoy the benefits they offer. You're sure to find a solution that works with your finances and unique plans. Unlike many other financial institutions, Finex opens and services your IRA at no charge to you.

IRA Options

You have choices! Save with a Finex Credit Union Traditional IRA (Pre-tax), or a Roth IRA (After-tax). We can help you choose the IRA right for you.

Compare Options

Tax Advantages

Depending on which IRA option you select, you may get the added bonus of paying no taxes on dividends or capital gains. Contact us for details.

Low Minimum Deposit

Yes, you can afford to start saving for your future! Open any Finex Credit Union IRA with just $1,000 and start saving for what lies ahead.

What Is An IRA?

Roth IRA

Funded with after-tax money.
Traditional IRA

Funded with pre-tax money.

Roth IRA

If you're expecting to be in a higher tax bracket when you start taking withdrawals, a roth IRA may be best for you. Funded with after-tax money, you can enjoy tax-free withdrawals in the future.

Roth IRAs offer you flexibility in managing your retirement income.
Most withdrawals will be tax-free.

Consult your tax advisor for conditions and limitations.

Traditional IRA

If you think you may be in the same tax bracket or a lower tax bracket in the future, a traditional IRA may be the best option for your money. Funded with pre-tax contributions, you can save money by going this route.

You may be able to deduct a portion of your earnings on your tax return. Consult a tax advisor.
You'll only pay income tax when you withdraw funds.
Great alternative or addition to your current retirement plan.

Consult your tax advisor for conditions and limitations.

IRAs Are Just The Beginning

If you are looking for more ways to save, Finex Credit Union can deliver!

Earn More

High Yield Savings

$10,000 Minimum Deposit
$100,000 Maximum Deposit
Only For Premier Members
Federally Insured By NCUA

Earn for the Future

Money Market

$2,500 Minimum Deposit
Earn Higher Rates
6 Withdrawals/Transfers
Federally Insured By NCUA

Earn for Retirement

CD

$1,000 Minimum Deposit
Competitive CD Rates
Guaranteed Return
Federally Insured By NCUA

What our members are saying...

"Finex Credit Union has been my only bank for over 20 years. They offer outstanding service and convenience. They invest in their website and mobile app and make continuous improvements. Their employees are friendly, courteous, and knowledgeable. "

Darren S.

"Finex Credit Union is unique. The workers are reliable and friendly, they do whatever they promise to do, and do it with accuracy and in a timely manner. Honestly speaking, these guys are doing a phenomenal job. They deserve more than 5 stars. I've referred almost all my friends to join this bank. Great job, Keep it up!"

Nana P.

"This is really the best bank! Great online services, CD & loan rates, ATMs up to date, always prompt with account servicing. Specifically, Elena and Kelli are top-notch and really make a difference!"

Carra S.

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