a person putting coins in a glass jar

Retirement Savings

Future-focused savings

Planning ahead can feel overwhelming, but you don’t have to do it alone. Your future matters to us, and we’re here to help make it feel manageable.
 
View our current rates.

Traditional IRA

Save for retirement with tax advantages today.
 

  • Taxes are paid later, and you may receive a tax benefit when you contribute

  • Earnings grow without being taxed until withdrawal

  • Withdrawals are taxed and may be penalized if taken early 

  • Required withdrawals begin at age 73

Roth IRA

Save for retirement with tax-free income later.

  • Taxes are paid before you contribute 

  • Earnings grow tax-free

  • Contributions can be withdrawn any time; earnings may be taxed and penalized if taken early

  • No required withdrawals during your lifetime

Coverdell Education Savings Account (ESA)

Save for education expenses with tax advantages.
 

  • Designed for education-related expenses

  • Earnings grow tax-free when used for qualified education costs

  • Can be used for K–12 and higher education expenses

  • Contributions can be made for a designated beneficiary

IRA Share Certificates

Earn a fixed rate on funds held within your IRA.
 
  • Available for both Traditional and Roth IRAs

  • Special 12-month term: 4.12% APY*

  • Special 24/36/48/60-month terms: 4.00% APY* 

  • Funds are committed for the term and may have early withdrawal penalties 

  Traditional IRA Roth IRA
When am I taxed? Later (when you take money out) Now (before you contribute)
Contribution limit*
$7,500 in 2026

$8,600 if age 50+
$7,500 in 2026
$8,600 if age 50+
Early withdrawal on contributions (before 59½) You’ll usually owe taxes plus a 10% penalty You can take out what you put in without penalty
Early withdrawal on earnings You’ll usually owe taxes plus a 10% penalty You’ll usually owe taxes plus a 10% penalty 
How do taxes work?  You may get a tax break when you contribute.
You pay taxes when you take money out. 		 You don’t get a tax break when you contribute.
You don’t pay taxes on qualified withdrawals. 
Am I required to take money out later? Yes. Withdrawals are required starting at age 73  No
Is there a minimum amount required to open?  No minimum is required to open.  No minimum is required to open. 
*Contribution limits are combined across all IRA accounts. 

First, you open an IRA.
This can be a Traditional IRA or a Roth IRA. The IRA is the retirement account itself.

Next, you choose how your money is saved inside the IRA.
Your money is held in an IRA savings account (passbook), and you may choose to move eligible funds into an IRA share certificate.

An IRA share certificate offers a fixed rate for a set term.
It’s a good option for money you don’t plan to access right away and want to grow at a predictable rate.

You can have both.
Many members keep some money in an IRA savings account for flexibility and place other funds into an IRA share certificate for higher earnings.

*APY = Annual Percentage Yield. Personal accounts only. Minimum opening balance to earn APY is $2,000. Early withdrawals may have tax consequences, in addition to early withdrawal penalties. Fees could reduce earnings. Consult a tax professional for more information. Dividends are calculated by the daily balance method which applies a daily periodic rate to the balance in the account each day. One rate will apply to the daily balance. Other rates and terms are available. Rates accurate as of February 9, 2026. Special valid until April 15, 2026 and is subject to end without notice. Membership required. Ask for details. Federally Insured by NCUA.