Open site Search ATMs & Locations Contact Us Accounts Loans Services About pay my loan log in INDIVIDUAL RETIREMENT ACCOUNTS (IRAS) Invest in the next step. Enjoy high yields and fast growth with our retirement accounts. book an appointment Have more questions? We can help. Call 800.845.5025 Contact us Earn 146% more by choosing Connexus* our rates AS HIGH AS 0.40% APY FOR IRA SAVINGS ACCOUNT national average 0.16% APY FOR LIQUID IRA ACCOUNT big earnings YOU CAN EARN 146%* MORE WITH CONNEXUS Get a call back First Name (required) Last Name (required) Phone Number (required) Your Email (required) Preferred Contact Method (required) PhoneEmail Your Message: This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Features Versatile options Traditional and Roth IRAs are available. High yields IRA Savings Accounts earn up to 0.40% APY1 and Certificates earn up to 1.21% APY2. Fast growth Your dividends are compounded quarterly. Reliable protection Your money is federally insured by the NCUA. Traditional vs Roth Traditional IRAs These are potentially tax-deferred retirement plans. Your qualified contributions may be tax-deductible and can be made at any age, as long as you have earned income. Taxes are paid on your funds at the time of withdrawal. Annual contribution limits IRA Contribution Limits Age 2021 Age Under 50 $6,000 Age 50 and Over $7,000 Roth IRAs Roth IRA contributions are made with after-tax dollars. Funds are tax-free when they are withdrawn, unless you are taxed for early withdrawals penalties before age 59 ½. As long as you have earned income, contributions can be made at any age. Annual contribution limits IRA Contribution Limits Age 2021 Age Under 50 $6,000 Age 50 and Over $7,000 Account options IRA savings accounts These have variable interest and no fixed term. Plus, there’s no minimum opening deposit required. Yields available IRA Savings Account Rates - New Balance APY1 $10,000 and over 0.40% $0 to $9,999.99 0.25% Accurate as of 7/1/2021 IRA certificates These have a fixed rate and term with a fixed maturity. Minimum deposit is $5,0002. Yields available IRA Certificate Rates Term APY2 12 Months 0.61% 24 Months 0.71% 36 Months 0.81% 48 Months 1.06% 60 Months 1.21% Accurate as of 11/01/2021 FAQs: You asked. We answered. I don’t know which IRA is right for me. How can I figure that out? Can I still contribute to my Traditional IRA if I make too much money for an IRA tax deduction? When am I required to begin withdrawing money from my Traditional IRA? What is the maximum I can contribute to my Roth IRA? Can I contribute to both a Traditional and a Roth IRA? Can’t find what you’re looking for? Ask us! Disclosures See our Fee Schedule for a list of fees you may encounter. *Calculated based on the difference between the percent earned in interest between Connexus Credit Union's rate at 0.40% APY compared to 0.16% APY for the National market average over the life of a liquid individual retirement (IRA) account. Accurate as of: 11/25/21. Source: Datatrac. Because these accounts have different features and deposits are based on your personal tax situation, contact your tax or legal professional or the IRS for specific tax information about state or local income taxes. This is intended to provide general information on federal regulations pertaining to Traditional and Roth IRAs. It is not meant to provide legal advice or individual tax recommendations. IRA contribution limits are determined by the IRS and apply to any financial institution, not just Connexus. 1 APY=Annual Percentage Yield. APY accurate as of 7/1/2021 and are subject to change. Connexus Credit Union membership required. Fees may reduce earnings. ATM transactions not included. 2 APY = Annual Percentage Yield. Rates are accurate as of 11/01/2021 and are subject to change. Connexus Credit Union membership and $5,000 opening deposit required. A penalty will be imposed for early withdrawal. Fees may reduce earnings. Offer not valid on business or organization accounts. Member Resources Make a payment Report lost card Forms About Connexus About us Become a member Careers More Privacy Disclosures & fees Sitemap 800.845.5025 ATMs & Locations Contact Us Routing #: 275982296NMLS #: 649316 © 2021 Connexus Credit Union. All Rights Reserved | Equal Housing Opportunity | Federally Insured by NCUA