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Individual Retirement Account (IRA)2021-08-03T06:23:30-05:00

Individual Retirement Accounts (IRAs)

Take Control of Your Financial Future

Call 800.845.5025 or book an appointment with a team member to get started

Earn % More By Choosing Connexus*

Our Rates

As High As % APY for IRA Savings Account

National Average

  % APY for

Big Earnings

You Can Earn %* More With Connexus

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    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 1.06% 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
    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 Funds are tax-free when they are withdrawn, unless you are taxed for early withdrawals penalties before age 59 ½.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
    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
    BalanceAPY1
    $10,000 and over0.40%
    $0 to $9,999.990.25%
    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
    TermAPY2
    12 Months0.61%
    24 Months0.71%
    36 Months0.81%
    48 Months0.91%
    60 Months1.06%
    Accurate as of 07/01/2021

    FAQs: You Asked. We Answered.

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      Disclosures

      See our Fee Schedule for a list of fees you may encounter.

      *  Accurate as of:  . 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 07/01/2021 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.

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