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Saving for a secure retirement is more than just a good idea; these days, it's an absolute necessity. Opening an IRA is an excellent way to plan for the future while enjoying certain tax advantages today.
| Access Credit Union offers two different types of IRAs to choose from. |
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Traditional IRA - Any individual earning taxable income is qualified to contribute to this type of IRA. Income limits determine whether the contributions are tax-deductible or non-deductible.
| ROTH IRA
- Are you looking for more options with Individual Retirement Accounts (IRA’s)? |
| Access Credit Union offers the Roth IRA in addition to the traditional IRA. The Roth IRA is available as a CD or an accumulation IRA. Let’s take a look at some of the features and benefits of the Roth IRA: |
Full contributions can be made by individuals who meet the following Adjusted Gross Income criteria in a tax year:
Married, filing jointly, $150,000 or less
Single, $95,000 or less.
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Partial contributions can be made up to the following phase-out ranges:
Married, filing jointly, $160,000
Single, $110,000.
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| Contributions to a Roth IRA are not tax-deductible. Earnings grow tax-free and no taxes are paid when the money is withdrawn, provided: |
| The money has been in the account at least five years, and
You have reached age 59½ |
| OR -one of the following: |
You are using the money for a first-time home purchase ($10,000 limit)
You are using the money for post-secondary education purposes
You are using the money for medical purposes (disability)
Your beneficiary is paid at the time of your death |
| Regular & IRA Certificates (CDs) $500.00 -$9999.99 |
Term |
Rate |
APY* |
Minimum Balance |
Dividend |
| 60 Months |
1.64% |
1.55% |
$500 |
Monthly unless otherwise paid |
| 48 months |
1.34% |
1.35%
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$500 |
Monthly unless otherwise paid |
| 36 Months |
1.05% |
1.06% |
$500 |
Monthly unless otherwise paid |
| 30 Months |
0.85% |
0.85% |
$500 |
Monthly unless otherwise paid |
| 24 Months |
0.70% |
0.70% |
$500 |
Monthly unless otherwise paid |
| 18 Months |
0.50% |
0.50% |
$500 |
Monthly unless otherwise paid |
| 12 Months |
0.40% |
0.40% |
$500 |
Monthly unless otherwise paid |
| 6 Months |
0.30% |
0.30% |
$500 |
Monthly unless otherwise paid |
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Certificates (CDs) are subject to change without notice. There are penalties for early withdrawal from Regular & IRA Certificates (CDs). *Annual Percentage Yield
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| Regular & IRA Certificates (CDs) $10,000 and over |
Term |
Rate |
APY* |
Minimum Balance |
Dividend |
| 60 Months |
1.79% |
1.80% |
$10,000 |
Monthly unless otherwise paid |
| 48 months |
1.49% |
1.50% |
$10,000 |
Monthly unless otherwise paid |
| 36 Months |
1.20% |
1.21% |
$10,000 |
Monthly unless otherwise paid |
| 30 Months |
1.00% |
1.00% |
$10,000 |
Monthly unless otherwise paid |
| 24 Months |
0.85% |
0.85% |
$10,000 |
Monthly unless otherwise paid |
| 18 Months |
0.65% |
0.65% |
$10,000 |
Monthly unless otherwise paid |
| 12 Months |
0.55% |
0.55% |
$10,000 |
Monthly unless otherwise paid |
| 6 Months |
0.45% |
0.45% |
$10,000 |
Monthly unless otherwise paid |
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| Certificates (CDs) are subject to change without notice. There are penalties for early withdrawal from Regular & IRA Certificates (CDs). *Annual Percentage Yield |
All Access Credit Union IRAs are Federally Insured By NCUA for up to $250,000.00. |
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National Credit Union Administration
a U.S. Government Agency |
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