Individual Retirement Accounts

Individual Retirement Accounts (IRA) are tax-deferred investments for retirement. Some or all of your IRA contribution may be tax deductible (Be sure to check with your tax advisor.) We offer Traditional, Roth, and Coverdell ESA IRAs. This is a special purpose account. An agreement between the member and the Credit Union must be signed before the account is opened. All transactions are governed by IRS regulations and the IRA account agreement.

IRA Share Account

The minimum deposit to open an IRA Share Account is $25.00. You must maintain a minimum daily balance of $100.00 to earn dividends. Dividends are calculated daily, compounded, and paid monthly.

Rates are subject to change at any time without notice.

For additional important information, check our Statement Savings Account Rate and Fee Schedule for Truth in Savings information.

IRA Share Certificate

Share Certificates offer a preferred fixed dividend rate in exchange for your commitment to leave funds on deposit for a set period. Early withdrawals are subject to a dividend penalty. Minimum deposit to open a certificate is $1,000.00.   For additional important information, check our Share Certificate Rate and Fee Schedule for Truth in Savings information.

Rates are subject to change at any time without notice.

IRA Step-up Share Certificate

IRA Step-up Share Certificates offer the option to increase the interest rate, one time, to the rate Indianhead Credit Union offers on that Step-up Share Certificate at the time the option is used. The new rate would be in effect for the remainder of the term for the Certificate. The option may be exercised any time during the term. Step-up Share Certificates do not automatically renew and early withdrawals are subject to a dividend penalty. The minimum deposit to open a Step-up certificate is $2,500.00.  Additional deposits are allowed in in increments of $2,500.00. For additional important information, check our Share Certificate Rate and Fee Schedule for Truth in Savings information.

Rates are subject to change at any time without notice.

IRA Certificate Specials

Minimum deposit to open a Special Certificate is $5,000.00. Certificate specials do not automatically renew. For additional important information, check our Share Certificate Rate and Fee Schedule for Truth in Savings information.

Rates are subject to change at any time without notice.