Traditional IRA
A traditional IRA may provide you significant immediate tax savings, and due to the deferral of all taxes on earnings, the power of earnings is strengthened.
Current Rates
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Share IRA
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0.55% APY
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IRA Certificate - 3 months
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0.20% APY
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IRA Certificate - 6 months
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0.30% APY
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IRA Certificate - 12 months
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0.30% APY
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IRA Certificate - 24 months
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0.50% APY
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IRA Certificate - 36 months
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0.75% APY
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IRA Certificate - 48 months
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1.06% APY
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IRA Certificate - 60 months+
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1.50% APY
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With a Traditional IRA:
- Earnings accumulate tax-deferred
- Contributions are tax-deductible if you qualify
*Transaction limitations apply
*Possible loss of dividends if account is closed in the middle of the month
*Contact your tax advisor to discuss possible tax penalty implications
Must meet membership eligibility requirements. Please see "How to Join AmeriChoice" page for additional details on membership eligibility.
Choose from two types of IRAs:
Share IRAs
Similar to a share account
No minimum opening deposit required
$100 minimum required to earn dividends
May contribute at any time up to the maximum allowable contribution
Dividends calculated on daily balance — Paid quarterly
IRA Certificate
Multiple options for rates and terms available
Minimum deposit of $500 required
Penalty for early withdrawal
Dividends paid quarterly
For complete account detail review our Truth in Savings Disclosure