Account Overview

An Individual Retirement Account makes saving for retirement easy and gives you peace of mind. You can invest in either a Traditional or Roth IRA in a Share account or a CD. Discuss your retirement savings goals with our IRA specialists to determine what kind of account best fits your needs.

Types of IRAs

IRAs may have household earnings restrictions, contribution limitations, and withdrawal limitations or requirements. Talk to one of our IRA specialists to learn more about which account best fits your needs.

Traditional: A Traditional IRA is an individual retirement account that allows you to save for retirement with tax-deferred earnings and the possibility of tax-deductible contributions. These tax advantages make the Traditional IRA a powerful tool in creating a balanced, long-term savings plan.

Roth: A Roth IRA is an individual retirement account that offers tax-free income in retirement. Because all Roth IRA contributions must be included in your taxable income, and therefore are not tax-deductible, you can withdraw your contributions at any time, tax and penalty-free. Any earnings generated within the IRA are tax-deferred.

Rates and Accounts

An IRA Share or CD comes with our competitive savings rates. If you choose a CD, you can add a .25% Member Bonus when you have an active Checking Account, any FFCU loan, or a Direct Deposit. Early withdrawal penalties apply for CDs, with the exception of required minimum deductions.

Account TypeAPYMinimum DepositMinimum Balance
Share Savings0.100%$0.00$0.00
Share Savings0.200%$0.00$10,000.01
Share Savings0.300%$0.00$50,000.01
Certificate Rates – Effective Sunday, February 14, 2016
Certificate Term APY Minimum Deposit
12 MONTH CERTIFICATE 0.500% $1,000.00
12 MONTH CERTIFICATE 0.750% $5,000.00
18 MONTH CERTIFICATE 0.750% $1,000.00
18 MONTH CERTIFICATE 1.000% $5,000.00
24 MONTH CERTIFICATE 0.750% $1,000.00
24 MONTH CERTIFICATE 1.000% $5,000.00
36 MONTH CERTIFICATE 0.750% $1,000.00
36 MONTH CERTIFICATE 1.000% $5,000.00
48 MONTH CERTIFICATE 1.000% $1,000.00
48 MONTH CERTIFICATE 1.250% $5,000.00