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Individual Retirement Accounts

Live happily ever after

Plan today for a better tomorrow

Save for your future with special tax advantages.

Choose a Traditional IRA, Roth IRA, or Coverdell Education Savings Account (ESA), and save in a variable-rate IRA/ESA Savings account or a fixed-rate IRA/ESA Certificate.

Plant Grow

Traditional IRA

A Traditional IRA offers tax-deferred earnings and the possibility for tax-deductible contributions. All earnings in the Traditional IRA are not taxed until they are withdrawn.*

Shield

Roth IRA

The Roth IRA allows you to contribute (depending on your income) after-tax dollars with earnings growing tax free. You pay no taxes when you withdraw the money, provided that you have had the account for at least five years and you’re age 59 or older. In addition, you may withdraw without penalty, up to $10,000 for a first-time home purchase. Another Roth IRA benefit is that you don’t have to begin withdrawing money at age 70-1/2, unlike a traditional IRA.*

Book

Coverdell ESA

Save for a child’s higher education expenses. You can invest up to $2,000 a year per child younger than 18, depending on your income. Earnings on Coverdell Education Savings Account (ESA) contributions grow tax free. You cannot deduct contributions; however, when you withdraw funds, you pay no taxes or withdrawal penalties if they’re used for qualified higher education expenses before the beneficiary reaches age 30. Unused funds, however, may be rolled over to an ESA for another child.*

Current Rates on IRA & ESA Options

Savings IRA/ESA

Dividend Rate

Annual Percentage Yield

Min Opening Balance

Min Daily Balance

*The minimum balance required to earn dividends
Truth in Savings Disclosures

0.10

0.10

$25

$100*

Certificate Accounts & IRA/ESA Certificates

Certificate Accounts

Balance

Dividend Rate

Annual Percentage Yield

Min Opening Balance

Dividend Compounded and Credited

Truth in Savings Disclosures

6 Month Certificate

$500 – $74,999.99

2.47

2.50

$500

 

Monthly

$75,000+

2.71

2.75

$500

Monthly

12 Month Certificate

$500 – $74,999.99

2.71

2.75

$500

Monthly

$75,000+

2.96

3.00

$500

Monthly

18 Month Certificate

$500 – $74,999.99

3.35

3.40

$500

Monthly

$75,000+

3.59

3.65

$500

Monthly

 24 Month Certificate

$500 – $74,999.99

3.54

3.60

$500

Monthly

$75,000+

3.78

3.85

$500

Monthly

36 Month Certificate

$500 – $74,999.99

3.15

3.20

$500

Monthly

$75,000+

3.40

3.45

$500

Monthly

48 Month Certificate

$500 – $74,999.99

3.06

3.10

$500

Monthly

$75,000+

3.30

3.35

$500

Monthly

60 Month Certificate

$500 – $74,999.99

2.96

3.00

$500

Monthly

$75,000+

3.20

3.25

$500

Monthly

How much will my IRA be worth at retirement?

Use our retirement calculators to help determine which type of IRA suits you best and to help set your retirement savings goals.

Use our retirement calculators.

Frequently Asked Questions

An IRA account at the credit union is an insured tax shelter. You can make deposits into it and have them insured up to $250,000. The rate of return on IRAs at the credit union are set by the credit union and you have a choice to use the IRA Share Savings, and/or an IRA Certificate of Deposit. Your employer would be the best source of information on what they offer.

This amount is determined by the IRS and can be found here: IRS – IRA Contribution Limits

You can take a withdrawal at any time, but there may be tax implications for doing so if it is before retirement age. We do not provide loans from IRAs at the credit union.

Both Traditional and Roth IRAs provide tax breaks. But it’s a matter of timing when you get to claim them. Traditional IRA contributions are tax-deductible on both state and federal tax returns for the year you make the contribution; withdrawals in retirement are taxed at ordinary income tax rates. Roth IRAs provide no tax break for contributions, but earnings and withdrawals are generally tax-free. Please consult your tax professional or financial planner for further guidance.

Open an IRA or ESA

Get in touch

Call: 503-220-2592

Email: info@trailheadcu.org

Send a secure message through Digital Banking.

Come on in!

Visit any of our branches:

Old Town: 221 NW 2nd Ave, Ste 100

Mississippi: 3904 N Mississippi Ave

Division: 3354 SE Division St

Disclosures

*Consult your tax advisor for information.