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IRA Savings Accounts

Future Thinking: Roth IRA, Traditional IRA & SEP IRA

We offer three types of Individual Retirement Accounts (IRAs): Traditional IRA, Roth IRA and SEP IRA. We also offer IRA CDs and investment-based IRAs through Delta Community Retirement & Investment Services. What makes each of them so great? The special federal tax laws that govern them.

Learn More about IRAsApply Now for an IRA

Overview & Benefits

It's important to understand the benefits of IRAs. Earnings with a Traditional IRA and SEP IRA generally aren’t taxed until they’re distributed. And, contributions are tax-deductible for many taxpayers (a SEP IRA is tax-deductible for the employer). So over time, you may be able to accumulate more savings than you would with another savings tool. As for a Roth IRA, generally they aren’t subject to federal taxes, if certain conditions are met.

The IRS has extended the date to make contributions to your IRA for the 2019 tax year from the original deadline of April 15, 2020, to July 15, 2020.  The contribution limits for the Roth IRA and Traditional IRA are $6,000 for 2019 and 2020. The catch-up contribution remains the same at $1,000 for IRA owners age 50 or older.

All IRA Savings Accounts:

  • Federally insured by the National Credit Union Administration for up to $250,000
  • No setup, maintenance or administrative fees
  • Very competitive dividend rates
  • Easy application process
  • Assistance from trained IRA Specialists
  • Access to informative Online IRA Service Center

 

All IRA CDs:

  • Fixed terms of 12, 24, 36 and 60 months
  • Only require $1,000 minimum investment

Rates

Individual Retirement Accounts/Coverdell Educational Savings Accounts

Delta Community Credit Union’s IRA Savings Accounts and Coverdell Educational Savings Accounts dividend rates increase the more you invest.

Tier Rate Rate APY*
$0 - $9,999.99 0.22% 0.22%
Tier Rate:
$0 - $9,999.99
Rate:
0.22%
APY*:
0.22%
$10,000.00 - $24,999.99 0.32% 0.32%
Tier Rate:
$10,000.00 - $24,999.99
Rate:
0.32%
APY*:
0.32%
$25,000.00 - $49,999.99 0.42% 0.42%
Tier Rate:
$25,000.00 - $49,999.99
Rate:
0.42%
APY*:
0.42%
$50,000.00 - $99,999.99 0.52% 0.52%
Tier Rate:
$50,000.00 - $99,999.99
Rate:
0.52%
APY*:
0.52%
$100,000.00 - and above 0.60% 0.60%
Tier Rate:
$100,000.00 - and above
Rate:
0.60%
APY*:
0.60%

View Current IRA/Savings/Checking Disclosure Supplement

Minimum Opening Deposit: None
Minimum Balance: $0.00

IRA CD Rates

 
Term Rate APY*
12 Month 0.84% 0.85%
Term:
12 Month
Rate:
0.84%
APY*:
0.85%
24 Month 1.24% 1.25%
Term:
24 Month
Rate:
1.24%
APY*:
1.25%
36 Month 1.49% 1.50%
Term:
36 Month
Rate:
1.49%
APY*:
1.50%
60 Month 1.73% 1.75%
Term:
60 Month
Rate:
1.73%
APY*:
1.75%

View Current Certificate of Deposit (CD) Disclosure Supplement

An early withdrawal penalty may be imposed on Certificates of Deposit.
Minimum Opening Deposit: $1,000.00
Minimum Balance: $1,000.00

*APY = Annual Percentage Yield.

Compare Rates

IRA Savings Account Rate Comparison

Delta Community Credit Union has one of the highest dividend rates for IRA Savings Accounts as well as one of the highest IRA CD rates compared to traditional banks. Use our IRA rate comparison tool below to compare.

Company Product Name APY*
Delta Community CU IRA Savings 0.22%
Company
Delta Community CU
Product Name
IRA Savings
APY*
0.22%
Wells Fargo IRA Savings 0.03%
Company
Wells Fargo
Product Name
IRA Savings
APY*
0.03%

View Current IRA/Savings/Checking Disclosure Supplement

Minimum Opening Deposit: None
Minimum Balance: $0.00

IRA CD Rates Comparison

 

Company Product Name APY*
Delta Community CU IRA CDs 0.85%
Company
Delta Community CU
Product Name
IRA CDs
APY*
0.85%
Regions Regions IRA 0.15%
Company
Regions
Product Name
Regions IRA
APY*
0.15%
PNC Bank Fixed Rate IRA CD 0.08%
Company
PNC Bank
Product Name
Fixed Rate IRA CD
APY*
0.08%
Bank of America Fixed Term IRA 0.05%
Company
Bank of America
Product Name
Fixed Term IRA
APY*
0.05%
Wells Fargo Wells Fargo IRA 0.05%
Company
Wells Fargo
Product Name
Wells Fargo IRA
APY*
0.05%
Chase Bank Chase IRA 0.01%
Company
Chase Bank
Product Name
Chase IRA
APY*
0.01%

*APY = Annual Percentage Yield. APYs are accurate as of the first day of the current month and are subject to change. Consult the financial institution directly for full product terms and current rates. Rates provided by MyBankTracker.com.

Fees

IRA Savings Account Fees

With Delta Community Credit Union’s IRA Savings Account there are no setup, maintenance or administrative fees.

Fee Type Amount
Annual Fee $0.00
Fee Type:
Annual Fee
Amount:
$0.00
Institutional Transfer Out after 1 free yearly $25.00 each
Fee Type:
Institutional Transfer Out
Amount:
$25.00 each
after 1 free yearly

Apply Now

Ready to Open an IRA Savings Account?

An IRA Savings Account must be established before an IRA CD may be opened. If you would like to open a Traditional IRA, complete the Traditional IRA Application. To open a Traditional IRA CD in conjunction with your Traditional IRA, complete a Traditional IRA CD Application. To open a Roth IRA, complete the Roth Application. To open a Roth IRA CD in conjunction with your Roth IRA, complete a Roth IRA CD Application.

Traditional IRA Forms

  • Federally insured by the National Credit Union Administration for up to $250,000
  • No setup, maintenance or administrative fees
  • Very competitive dividend rates
  • Easy application process
  • Assistance from trained IRA Specialists
  • Access to informative Online IRA Service Center

 

All IRA CDs:

  • Fixed terms of 12, 24, 36 and 60 months
  • Only require $1,000 minimum investment