Traditional/Roth IRA
Guaranteed growth and stability for your retirement savings.
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6 months to 5 years term -
$1,000 minimum balance
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Fixed rate type
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Automatic renewal
Earn guaranteed growth with an IRA certificate.
An IRA Certificate offers a fixed rate over a set term, combining tax advantages with predictable growth. It is a strong choice for those who want stability and clarity in their retirement savings while selecting options that fit different goals and timelines.
Comparing your IRA certificate options.
Understand the differences between IRA options to choose what works best for you.
Freedom IRA
Ideal for rolling over funds from a qualified retirement plan.
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4 month term
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$0 minimum balance
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Fixed rate type
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No automatic renewal
Money Market IRA
Enjoy liquidity while earning more than a standard savings account.
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No fixed term
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$0 minimum balance
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Variable rate type
TRADITIONAL AND ROTH IRA CERTIFICATES
Flexible growth with a traditional or Roth IRA certificate.
Choose a traditional or roth IRA certificate and earn a fixed rate over a set term. Enjoy tax-deferred or tax-free growth depending on your IRA type, with tiered rates and monthly compounding designed to support long-term retirement savings.
freedom IRA Certificate
Give your rollover funds time to work for you.
The Freedom IRA certificate provides a short-term, fixed-rate option for rolled over retirement funds while you plan your investment strategy. With no minimum balance and a 4-month term, it helps you keep funds secure and accessible before making long-term decisions.
Money Market IRA
Stay flexible while growing your retirement savings.
A money market IRA combines tax advantages with full access to your funds. Earn a variable rate that typically exceeds standard IRA savings while keeping your money available when you need it, with tiered rates and monthly compounding.
Everything you need to know about IRA certificates.
What is the difference between an IRA Certificate and a regular IRA savings account?
A regular IRA savings account earns a variable rate that can change at any time. An IRA Certificate locks in a fixed guaranteed rate for a set term. In exchange for that guarantee you commit your funds for the duration of the term, and early withdrawal penalties apply in most cases.
Can I make additional deposits to my IRA Certificate during the term?
No. The maximum number of deposits allowed is one per tax year, made at the time of opening.
What happens when my IRA Certificate matures?
Unless you instruct us otherwise, Traditional and Roth IRA Certificates automatically renew for the same term at the then-current rate. The Freedom IRA Certificate does not automatically renew. Upon maturity, Freedom IRA Certificate funds are transferred to a 6-month IRA Share Certificate unless you instruct us to move them to another IRA account or an investment account.
What is the Freedom IRA Certificate and who should use it?
The Freedom IRA Certificate is a 4-month temporary holding account for members rolling over funds from a qualified retirement plan such as a 401(k) or 457(b) while working with a Financial Advisor. It accepts new money only and does not automatically renew.
What is the Money Market IRA?
The Money Market IRA is a liquid IRA account that earns a higher variable rate than a standard IRA savings account. Unlike a fixed-term certificate, funds remain accessible at any time. It is well suited for members who want the tax advantages of an IRA with the flexibility to access their funds without a penalty.
Fees may reduce earnings. Dividends will be compounded monthly and will be credited monthly. APY is accurate as of the last dividend declaration date. Penalty for early withdrawal may apply. Please consult your tax advisor for recommendations on which type of IRA will be most beneficial to your specific financial situation and IRS restrictions. For fees, refer to the current Schedule of Service Charges and Fees.
Traditional/Roth IRA Certificates: Terms of 6 months, 1 year, 18 months, 3 years and 5 years. Minimum balance tiers of $1,000, $50,000 and $100,000. Maximum of one deposit per tax year. If a Traditional IRA Certificate Account requires mandatory distribution, seventy and one-half (70½) years of age or greater, and the balance falls below the minimum required to avoid closure, the account will be closed without penalty and reopened at the lower balance tier and prevailing rate. If the balance falls below the lowest balance tier, the account will be closed without penalty and remaining funds will be credited to your Traditional IRA Share Account.
Freedom IRA Certificate: 4-month term. No minimum balance. New money only. Will not automatically renew. Upon maturity, funds not moved to a Firehouse Financial investment account will be transferred to a 6-month IRA Share Certificate unless otherwise instructed.
Money Market IRA: Variable rate, subject to change. No minimum balance required to open. Balance tiers of $2,500, $50,000, $75,000 and $100,000.
Please consult your tax advisor for recommendations specific to your financial situation and IRS restrictions.
All rates subject to change.
Federally insured by NCUA.