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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 IRA Savings Accounts Apply Now for IRA Savings AccountsIt'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.
All IRA Savings Accounts:
All IRA CDs:
The annual contribution limit for 2023 is $6,500, or $7,500 if you're age 50 or older.1
Delta Community Credit Union’s IRA Savings Accounts and Coverdell Educational Savings Accounts dividend rates increase the more you invest.
Tier Rate | Rate | APY* | |
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$0 - $9,999.99 | 0.40% | 0.40% |
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$10,000.00 - $24,999.99 | 0.45% | 0.45% |
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$25,000.00 - $49,999.99 | 0.55% | 0.55% |
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$50,000.00 - $99,999.99 | 0.70% | 0.70% |
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$100,000.00 - and above | 0.75% | 0.75% |
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View Current IRA/Savings/Checking Disclosure Supplement
Minimum Opening Deposit: None
Minimum Balance: $0.00
Rates subject to change.
Term | Rate | APY* | |
---|---|---|---|
12 Month | 3.20% | 3.25% |
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24 Month | 3.44% | 3.50% |
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36 Month | 3.54% | 3.60% |
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60 Month | 3.92% | 4.00% |
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View Current Certificate of Deposit (CD) Disclosure Supplement
Minimum Opening Deposit: $1,000.00
Minimum Balance: $1,000.00
*APY = Annual Percentage Yield.
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 | IRA Savings | 0.30% |
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Wells Fargo | IRA Savings | 0.01% |
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View Current IRA/Savings/Checking Disclosure Supplement
Minimum Opening Deposit: None
Minimum Balance: $0.00
Company | Product Name | APY* | |
---|---|---|---|
Delta Community | IRA CDs | 2.50% |
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Chase Bank | Chase IRA | 0.01% |
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Bank of America | Fixed Term IRA | 0.03% |
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Wells Fargo | Wells Fargo IRA | 1.50% |
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PNC Bank | Fixed Rate IRA CD | 0.02% |
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*APY = Annual Percentage Yield.
With Delta Community Credit Union’s IRA Savings Account there are no setup, maintenance or administrative fees.
Fee Type | Amount | |
---|---|---|
Annual Fee | $0.00 |
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Institutional Transfer Out after 1 free yearly | $25.00 each |
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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
All IRA CDs:
1 If your taxable compensation for the year was less than the contribution limit, your limit is equal to the dollar amount of your compensation.
Fees could reduce the earnings on the account.
Consult your tax advisor.