TDECU Individual Retirement Accounts (IRAs)
Give your retirement savings a lift with a tax-advantaged IRA
Need help with retirement planning?
Our team is committed to help you reach your financial and retirement goals. Contact us today to learn more about our full range of products and services, including our IRA options.
Take charge of your retirement
An individual retirement account (IRA) is an investment tool that enables you to set aside some of your earnings towards retirement with tax-free growth, or on a tax-deferred basis. Opening an IRA is one of the best decisions you can make since the tax benefits allow your savings to grow, or compound, more quickly than in a taxable account.
TDECU offers both Traditional and Roth IRAs, which offer different tax advantages. To provide even more flexibility, we also offer a Savings IRA, IRA Certificates of Deposit, and investment IRAs through our investments team.
Please consult your tax and legal advisors to determine how this information may apply to your own situation. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your tax return is filed.
A TDECU IRA features these benefits:
to
3.75%
APY 1 on IRA CDs
$0
Monthly Fee
to
$250,000
Insured by the NCUA
Take advantage of potential tax breaks
Save money on a tax-deferred basis, or with tax-free growth
Save more for retirement
Supplement the savings in your employer-sponsored retirement plan
Expand your portfolio
Select the IRA type that best meets your needs and goals
Which TDECU Savings IRA is right for you?
Savings IRA
A tax-free, or tax-deferred, way to save for retirement that can be funded with savings, money markets, or CD accounts.
$0.00
Minimum Opening Deposit
0.10%
Interest Rate
0.10%
APY 1
$0.00
Monthly Fee
Anytime
Additional Deposits
IRA CD
A certificate of deposit that offers a secure way to invest a portion of your tax-advantaged TDECU IRA funds. 2
$1,000
Minimum Opening Deposit
1.74% - 3.69% 3
Interest Rate
1.75% - 3.75% 3
APY 1
$0.00
Monthly Fee
At maturity only
Additional Deposits
1 APY = Annual Percentage Yield
2 An early withdrawal penalty will be imposed for CD withdrawals made before maturity. Minimum balance equal to or greater than opening deposit amount required.
3 Based on term
4 The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) became law on December 20, 2019. The Secure Act made major changes to the required minimum distribution (RMD) rules. If you reached the age of 70½ in 2019 the prior rule applies, and you must take your first RMD by April 1, 2020. If you reach age 70 ½ in 2020 or later you must take your first RMD by April 1 of the year after you reach 72.