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Get Ready For The Best Decades Of Your Life.

IRAs

The best gift you can give yourself? A secure future.

  • Traditional IRAs
  • Roth IRAs
  • Simplified Employee Pension (SEP)
  • Coverdell Education Accounts
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Here are two facts worth considering: People in Arizona and elsewhere are living longer than ever. And most of them aren't saving enough to maintain their current lifestyles during retirement. So, whether you're a few years or several decades away from leaving the work force, it's probably time to open an Individual Retirement Account. Steady deposits can give you a comfortable income during your golden years and retirement accounts also offer significant tax benefits. At Copper State Credit Union, we can help you decide which option is best for you.

  • Traditional IRAs allow you to take tax deductions each year you contribute to your account
  • Roth IRAs offer the advantages of tax-free growth and withdrawals
  • Simplified Employee Pension plans serve the retirement needs of small businesses and their employees
  • Coverdell Education Savings Accounts are a special IRA designed to cover your child's K-12 or college costs
  • Funds can be invested in either an IRA or an IRA Certificate
 

Individual Retirement Account Rates

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A penalty may be imposed for early withdrawal. The amount of the penalty depends on the term of the account. For Accounts with a term to Maturity that is equal to or less than 6 months, the penalty imposed will equal 60 days' dividends. 12 months, will equal 90 days' dividends. Equal to or greater than 24 months, but less than 36 months, will equal 180 days’ dividends. Equal to or greater than 36 months, will equal 365 days’ dividends.

IRA Rates
Description
Dividend Rate
Annual Percentage Yield (APY)
Minimum Balance
Description
6 Month IRA Certificate
Dividend Rate
0.20%
Annual Percentage Yield (APY)
0.20%
Minimum Balance
$500
Description
1 Year IRA Certificate
Dividend Rate
0.40%
Annual Percentage Yield (APY)
0.40%
Minimum Balance
$500
Description
2 Year IRA Certificate
Dividend Rate
0.45%
Annual Percentage Yield (APY)
0.45%
Minimum Balance
$500
Description
3 Year IRA Certificate
Dividend Rate
0.50%
Annual Percentage Yield (APY)
0.50%
Minimum Balance
$500
Description
4 Year IRA Certificate
Dividend Rate
0.55%
Annual Percentage Yield (APY)
0.55%
Minimum Balance
$500
Description
5 Year IRA Certificate
Dividend Rate
0.60%
Annual Percentage Yield (APY)
0.60%
Minimum Balance
$500
Effective January 12, 2021

A penalty may be imposed for early withdrawal. The amount of the penalty depends on the term of the account. For Accounts with a term to Maturity that is equal to or less than 6 months, the penalty imposed will equal 60 days' dividends. 12 months, will equal 90 days' dividends. Equal to or greater than 24 months, but less than 36 months, will equal 180 days’ dividends. Equal to or greater than 36 months, will equal 365 days’ dividends.

Disclosure

Your tax advisor can offer more guidance on which type of IRA may be best for your needs.