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IRAs

FFCCU offers a wide range of IRA products to help make your retirement dreams come true. Just $50 is required to open the Traditional or Roth IRA. There are no monthly fees**, dividends are paid monthly, and contributions can be made in lump sums or by regular deposits throughout the year.

We offer the following types of IRAs:

  • A Traditional IRA is an account that allows you to defer taxes on your earnings until they are withdrawn. Also, certain contributions may be tax deductible in the year they are made.
  • The Roth IRA is an account that features tax-free withdrawals for certain distribution reasons after a 5-year holding period. Since Roth IRA contributions are non-deductible and taxed in the year they are earned, members who expect to be in a higher tax bracket when they retire may benefit more from a Roth IRA than from a Traditional IRA. Unlike the traditional IRA, there is no requirement to begin taking distributions at age 70½. There are income limitations for eligibility for a Roth IRA.



As of January 1, 2017.

Account TypeMinimum BalanceDividend RateAPY*
Traditional IRA$50+0.20%0.20%
Roth IRA$50+0.20%0.20%

Traditional and Roth IRA certificates are also available with a minimum deposit of $500 in terms of 6, 12, 18, 24, 36, 48 and 60 months.

*APY = Annual Percentage Yield. This rate schedule states rates applicable to specified accounts. Dividends are credited to your account and compounded every month. Minimum balance requirements apply to average daily balance. Call 800.621.4644 for current rates as they are subject to change at any time and without notice. Click here to view full rate disclosures and policies.

**IRA Transfer out fee is $25/transfer.

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