IRA Rates

Our IRAs are a great value because of both our great rates and our flexibility.

  • NO minimum balance
  • NO annual fees
  • NO term limits

All daily IRAs receive the same dividend rate, whether funded through regular contributions, or as a SEP, Roth, or Education IRA. The rate paid is the greater of (1) the yield on 2-year US Treasury Notes less 1/2% or (2) the APY we pay on a 24-month certificate. Contact REAL Financial for current IRA rates and terms.

How is the Tax Relief Act of 2001 affecting your 2008 IRA contributions?
Click here for the answer.

Automatic Savings Plan

With our Automatic Savings Plan, your broker remits a portion of each commission check to your Credit Union savings account. 

Roth IRAs & Education Savings Accounts

Congress has given you new incentives for contributing to an IRA, like saving for a first home or a child’s education.

Contributions to Education Savings Accounts offer tax-preferred treatment, with no tax on interest earned and no tax on withdrawals as long as the money is put toward education. 
 

SEP IRAs

If you're self-employed, saving for your retirement is too important to let this opportunity slip by. A SEP IRA permits most self-employed members to contribute up to 15% of their income into an IRA to save for retirement. 

Your annual Simplified Employee Pension (SEP) contribution deadline is the due date of your federal tax return or any extensions thereof. Contact an IRA specialist at one of our offices for assistance setting up a traditional, SEP, or Roth IRA. We want to help!

Did You Know?
Your IRA deposits are fully insured up to $250,000. This deposit insurance protection is provided by the National Credit Union Administration (NCUA), an independent agency of the United States Government. For more information, visit www.ncua.gov.

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The Tax Relief Act of 2001

What this law means to your future

President George W. Bush signed into law the Economic Growth and Tax Relief Reconciliation Act of 2001. This law presents the most sweeping change in a decade for qualified retirement and college savers' accounts. Consult your tax advisor for specific information regarding your situation. Here is an overview of how the new tax law affects many credit union members:

1. Expanded IRAs
The annual $4,000 limit on contributions to traditional and Roth IRAs will increase to $5,000 in 2008. Workers age 50 and older may begin catch-up contributions of an additional $1,000. 

2. Expanded Pensions
The annual $14,000 limit on tax-deferred contributions to 401(k), 403(b) and 457 plans grew to $15,000 in 2006

Pensions will be more portable so workers can easily roll over their retirement savings when they change jobs. Pension laws will be streamlined to encourage more small businesses to offer pensions to their employees. 

3. Expanded Education Savings Accounts
The $2,000 annual limit on contributions to Education Savings Accounts offer tax-preferred treatment, with no tax on interest earned and no tax on withdrawals as long as the money is put toward education. 

 


 

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