Traditional IRA
A Traditional Individual Retirement Account (IRA) is a dividend-bearing savings account or term IRA certificate that provides members with a stable and conservative tax-advantaged investment as part of their comprehensive retirement savings plan.
In addition to the many positives an IRA investment may generally provide, the Carolina Federal Credit Union IRA offers these specific features:
- Deposits made with pre-tax dollars
- No minimum deposit
- Excellent monthly dividends
- No enrollment fee
- No annual fee
- No withdrawal fee
- IRA funds are invested at the credit union
- IRA account deposits are separately insured up to $250,000 by the National Credit Union Administration
- No termination fee
- Payroll deductions (makes your retirement savings convenient)
- Credit union assistance with direct rollovers from a company’s qualified retirement plan(s)
- Credit Union assistance with direct transfers from other IRAs
Check out our current IRA Rates!
Roth IRA
A Roth Individual Retirement Account (Roth IRA) is a dividend-bearing savings account or term IRA certificate that provides members with a stable and conservative tax-advantaged investment as part of their comprehensive retirement savings plan.
In addition to the many positives an IRA investment may generally provide, the Carolina Federal Credit Union IRA offers these specific features:
- Deposits made with post-tax dollars
- No minimum deposit
- Excellent monthly dividends
- No enrollment fee
- No annual fee
- No withdrawal fee
- IRA funds are invested at the credit union
- IRA account deposits are separately insured up to $250,000 by the National Credit Union Administration
- No termination fee
- Payroll deductions (makes your retirement savings convenient)
- Credit union assistance with direct rollovers from a company’s qualified retirement plan(s)
- Credit Union assistance with direct transfers from other IRAs
When establishing an IRA at Carolina Federal Credit Union or any financial institution, we recommend you consult your attorney, accountant, or financial / tax advisor to determine eligibility and tax deductibility. We suggest you review IRS Publication 590, Individual Retirement Arrangements, or visit the IRS website (www.irs.gov) for more information.