River Town FCU
STREAMLINE ACCESS
Account Number
   
Password
 
Savings Checking Loans Services About Us Applications
Search:

IRA ACCOUNTS

Need to build an investment for your future? Are you working but don't have a pension plan? An Individual Retirement Account (IRA) at River Town Federal Credit Union may help. Investing in a River Town Federal Credit Union IRA account is safe. IRA accounts are separately insured up to $250,000 by the National Credit Union Administration (NCUA), a government agency.

Look at these options:

  • Variable rate IRA Share Account
  • Fixed rate IRA Share Certificate
  • Roth IRA
  • Educational IRA
  • SEP IRA
Variable Rate IRA Share Account
A variable rate IRA share account pays quarterly dividends. Making deposits to it is flexible! You can make them by payroll deduction, mail, ACH, or make them in person. The Board of Directors declares dividends each quarter. They are paid and compounded quarterly.

Fixed Rate IRA Certificate
Want to get a higher return than the variable rate but don't mind locking it up for a time period? Open an IRA fixed rate share certificate for a six-month, 1-year, or 2-year term. The Board of Directors sets dividends periodically. They are calculated on your daily balance, paid and compounded quarterly. For current dividends declared by the Board of Directors, SEE RATES. There is a penalty for early withdrawal.

Roth IRA
Can't qualify for the traditional IRA account? Maybe you can get a Roth IRA. The Roth IRA does not have any deductibility on your tax form, but after five years contributing to the plan, you can withdraw your earnings if you are age 59 ½, disabled, or a first time home buyer. Your are not required to start withdrawing from your Roth IRA like you are required to with a Traditional IRA once you reach age 70 ½.

For more details and full disclosure, please contact a credit union member service representative.

The Board of Directors sets dividends. They are calculated on your daily balance, paid and compounded quarterly. For current dividends declared by the Board of Directors, SEE RATES. There is a substantial penalty for early withdrawal.

Educational IRA
Need to save for your child's education? An Education IRA may be the investment you need to get them started in college. You can contribute up to $500 per year until the age of 18 or any year that a contribution is made to a state tuition program for the IRA beneficiary. Then you can make a tax free withdrawal for education expenses with only the earnings being subject to taxation.

Want to know more? Contact a credit union member service representative.
The Board of Directors sets dividends. They are calculated on your daily balance, paid and compounded quarterly. For current dividends declared by the Board of Directors, SEE RATES. There is a substantial penalty for early withdrawal.