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Certificate IRA

Great dividend rates on your retirement funds

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Certificate IRA benefits

  • Low $500 minimum to open
  • Terms 3 to 60 months
  • Jump-Up option has terms of 15 and 27 months
  • Multiple dividend payment options
  • Automatic renewal saves time
  • Free online, mobile, and branch access
  • Best rates with Relationship benefits
  • Available as Traditional, Roth, SEP, or SIMPLE IRA
  • May be used for Coverdell Education Savings Accounts
  • Federally insured to $250,000 by NCUA

Please refer Details tab for more information.

Certificate IRA details

  • Low $500 minimum to open
  • Terms 3 to 60 months – Dividends are compounded daily and credited monthly.
  • Jump-Up option has terms of 15 and 27 months – Allows you to jump the rate up when you decide once during each term if Jump-Up Certificate IRAs rise.
  • Multiple dividend payment options – You can leave your dividends in the account so they compound or you can have them transferred to your DCU Savings Account each month or at maturity.
  • Automatic renewal saves time – If you want to keep the same term when your Certificate renews, there is nothing you need to do. If you want to make any changes, you can easily let us know through Account Manager in Online Banking.
  • Free online, mobile, and branch access – You can view and access your certificate anytime by logging into Online Banking from your computer, Mobile Banking with your smart phone or iPad, or by visiting any DCU branch.
  • Best rate with Relationship benefits – When you qualify for Relationship benefits on your DCU Checking Account, you'll automatically receive the highest published dividend rate for that DCU Certificate when you open or renew.
  • Available as Traditional, Roth, SEP, or SIMPLE IRA
  • May be used for Coverdell Education Savings Accounts
  • Federally insured to $250,000 by NCUALearn more about insurance on all your savings at DCU and how to maximize your coverage.

DCU's Retirement Central Service Center

The Retirement Central Service Center is an easy way to learn more about IRAs and complete your IRA forms. Simply answer some questions regarding the transaction you wish to complete and the Service Center will produce the necessary forms.

If you have any questions, please speak with a Member Service Representative at your nearest DCU branch or call our Information Center at 508.263.6700, weekdays from 8:00 am to 9:00 pm and Saturdays from 9:00 am to 3:00 pm, Eastern time.

Terms and conditions applicable to DCU's IRAs can be found in the IRA Disclosure Statement, Certificate Disclosure and Agreement (pdf format), our rates page, and Schedule of Fees and Service Charges. For a copy of any of these disclosures or for more information, visit a DCU branch, or call the Information Center at 508.263.6700.

Certificate IRA Rates*

Minimum balance of $500 is required to open your account.

May be used for Traditional, Roth, SEP, and SIMPLE accounts and Coverdell Education Savings Accounts.

TERMS / FEATURES OUR BEST RATES
  Dividend Rate Annual Percentage Yield
60 months 1.84% 1.86%
48 to 59 months 1.59% 1.60%
36 to 47 months 1.40% 1.41%
24 to 35 months 1.25% 1.26%
12 to 23 months 1.10% 1.11%
6 to 11 months 0.70% 0.70%
3 to 5 months 0.60% 0.60%

Rates are effective .

Jump-Up IRA Certificate Rates*

Jump the rate up to one time per term – you decide when. Minimum balance of $500 is required to open your account.

May be used for Traditional, Roth, SEP, and SIMPLE accounts and Coverdell Education Savings Accounts.

Terms / Features OUR BEST RATES
  Dividend Rate Annual Percentage Yield
27 months, $500 minimum. 1.33% 1.34%
15 months, $500 minimum. 1.18% 1.19%

Rates are effective .

* Dividend rates shown are for members who qualify for Relationship benefits on their DCU Checking Account. Without Relationship benefits, you'll earn .25% less than dividend rates shown above. Rates determined by term of Certificate.

IRA Certificate Account rates are subject to change weekly; but the rate will remain in effect for the term of the certificate once issued. Funds earn dividends from the first business day of deposit through the day of withdrawal, are compounded daily, and posted monthly. "Penalties" apply for early withdrawals. Refer to DCU's Truth-in-Savings Disclosures and Account Agreements, Schedule of Fees and Service Charges and Certificate Account Disclosure and Agreement.

Annual Percentage Yield (APY) is a figure calculated using a federally-mandated formula. It's designed to help you compare the return you'll get in a uniform way between the certificate, savings, and money market accounts offered at various institutions. It tells you at what percentage your money will grow in one year at the same dividend rate – including the effects of compounding. For example, the APY on a 6-Month Certificate would be what you earned at the end of a year if you renewed your certificate once, did not add to or subtract from the balance along the way, nor withdrew any dividends.

Early IRA Closing Penalties*

Length Penalty
3-11 months 60 days' dividend
12-35 months 90 days' dividend
36-60 months 180 days' dividend

* When you qualify for Relationship benefits on your DCU Checking Account, you'll automatically receive the highest published dividend rate for that DCU Certificate when you open or renew.

The same penalties apply on amounts prematurely withdrawn from a Certificate. IRS penalties may apply on IRA Certificate withdrawals. Jump-Up Certificate early withdrawal penalties will be calculated at the rate being earned at the time of withdrawal.

For a complete listing of all of DCU’s fees and service charges, please see the Schedule of Fees and Service Charges (html) (or as a printable pdf).

IRA transactions are subject to IRS rules and regulations. To review these rules and regulations, click here.

IRA Certificate Accounts is rated 4.3 out of 5 by 111.
Rated 5 out of 5 by from Excellent DCU's staff are terrific and their rates are much better than most other financial institutions.
Date published: 2017-11-18
Rated 5 out of 5 by from Customer Service The IRA service person, Alyssa, talked me thru the process in a clear and concise manner, sent links to the required forms and in every way made the process easy and seamless. She was a pleasure to work with.
Date published: 2017-10-21
Rated 5 out of 5 by from Good Service and Value DCU Rep was awesome and provided a SUPER service. xxxxxxxxxxx
Date published: 2017-09-24
Rated 5 out of 5 by from great customer service I needed to roll over a couple of retirement account and the people at the Solomon Pond branch were well informed and very helpful
Date published: 2017-08-12
Rated 5 out of 5 by from Quick and easy to set up Great experience. Easy to setup. Done my way. All electronic.
Date published: 2017-07-15
Rated 5 out of 5 by from Very easy to set up an IRA certificate account I can always count on excellent customer support for setting up IRA certificates, they make the process fast and easy
Date published: 2017-03-30
Rated 5 out of 5 by from Retirement center including IRA account Provide wide range of services, amazing customer service and no or minimal fees.
Date published: 2017-01-23
Rated 5 out of 5 by from Checking and customer service When DCU says free checking that's exactly what you get Also their customer service is excellent they are extremely professional. Great locations as well as the online banking application is simple to use. I would recommend DCU to anyone.
Date published: 2016-12-22
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The Jump Up IRA certificate, it only can jump once per period?

I'm thinking of taking part of my IRA and investing in a fixed income IRA CD ladder for 5 years, maybe 7 rungs. Do you have a tool or is there someone who can put one together that show income, interest, etc.? I've talked to Fidelity and you have better IRA CD rates than their rates. I have their ladder in .PDF format that I can send as their model if you are interested.
Asked by: Paul
With DCU Jump-Up Certificates, if dividend rates go up, members can jump up to the higher rate, one time, for the rest of the term. The full list of our current IRA Certificate rates and terms is available on our web site at https://www.dcu.org/personal-banking/ira-certificate.html by clicking the Rates tab. To determine what a Certificate will be worth at maturity, please use the Financial Calculator tool on our web site at https://www.dcu.org/account-services/calculators/savings-cd-value.html .
Answered by: DCU Staff
Date published: 2015-06-20

Can my fiancé and I open a joint IRA account together. Do we have to be married?

Asked by: Sara
IRA Accounts do not allow a joint owner to be added. The primary owner of the account can name a beneficiary. The beneficiary does not need to be a spouse.
Answered by: DCU Staff
Date published: 2016-10-25
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Open or Manage a DCU Certificate IRA