IRAs

Long Term Savings

Thinking about saving for retirement or other major life events? You’ve come to the right place. Our IRAs are a smart way to contribute to your retirement or educational fund. They also offer many current and future tax benefits through possible tax-deductible contribution and earnings grow on a tax-deferred basis.

Types of IRAs

Learn about the three separate types of IRAs we offer at AmeriChoice, Traditional IRA, Roth IRA, or Coverdell Education Savings Account and choose the savings plan that’s right for you.

Eligible product for Member Rewards.

Roth IRA

more info

Start saving for the future at any age with an account the offers tax benefits and flexible withdrawals.

Details

  • Contributions are allowed at any age
  • Qualified distributions are tax-free
  • Flexible withdrawals options are available
Contact An Expert

 

Roth IRA

All Deposits 0.25% APY*

*APY=Annual Percentage Yield. Rates are subject to change without notice.

Traditional IRA

more info

Open a traditional IRA to acquire immediate tax savings. Your savings for the future are strengthened due to deferral of all taxes on earnings.

Details

  • Earnings accumulate tax-deferred
  • Contributions are tax-deductible if you qualify
Contact An Expert

Traditional IRA

All Deposits 0.25% APY*

*APY=Annual Percentage Yield. Rates are subject to change without notice.

Coverdell Education Savings Account

more info

Pay for qualified elementary and secondary education costs with earnings that grow on a tax-deferred basis.

Details

  • Can be used to pay for qualified elementary and secondary education costs
  • Earnings grow on a tax-deferred basis and distributions are tax-free if the money is used to pay for qualified education expenses.
Contact An Expert

Choose from Two Different 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

 

Restrictions

  • 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