As your financial partner, DPS FCU is here to help you develop a solid financial plan. We offer IRAs (Individual Retirement Accounts) to help you plan and prepare for a comfortable retirement. There's no such thing as starting too early to plan for the future!
IRAs may offer tax advantages and can supplement other investment and pension plans you may have.* Plus, your IRA savings are federally insured by the NCUA up to $250,000.
Funds from your Traditional or Roth IRA Savings can be used to open an IRA Certificate account, with Certificate terms ranging from 1 to 5 years.
Open Account View Rates
Traditional IRA
With a Traditional IRA, contributions made to your IRA may be tax deductible and your earnings are not taxed until they are withdrawn (if qualifications are met). You can begin withdrawing funds from your Traditional IRA after age 59 ½ without penalty, and at a certain age will be required to take annual minimum distributions.
Roth IRA
Contributions to a Roth IRA are not tax deductible but your earnings may be withdrawn tax-free when requirements are met. There is no age cut-off for making contributions to a Roth IRA, and the account is not subject to the Required Minimum Distribution (RMD) rules.