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Personal and Business Banking

Certificate IRA

Lock in great dividend rates on your retirement funds

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IRA Certificate

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
  • 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 to Details and Rates tabs for additional information and important disclosures.

"Competitive Rates And Great Service"

Open quote Very pleased with the options and rates for the IRA Certificates. Even more pleased with the assistance I received from a Member Service Representative.Close quote

— Wayne46, Burlington, NJ

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.
  • 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 or 800.328.8797, 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.

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 Dividend Rate Annual Percentage Yield
60 months 2.35% 2.38%
48 to 59 months 2.25% 2.28%
36 to 47 months 2.15% 2.17%
24 to 35 months 2.05% 2.07%
12 to 23 months 1.95% 1.97%
6 to 11 months 1.55% 1.56%
3 to 5 months 1.30% 1.31%

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 Dividend Rate Annual Percentage Yield
27 months, $500 minimum. 2.10% 2.12%
15 months, $500 minimum. 2.00% 2.02%

Rates are effective .

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

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 130.
Rated 5 out of 5 by from Great place to grow retirement funds We love DCU and have been loyal customers since 1982. I recently moved an IRA from a mutual fund money market to DCU. I like the Jump-up option, so if interest rates increase over the term of the CD, we can lock in the higher rate for the rest of the term.
Date published: 2019-08-03
Rated 5 out of 5 by from IRA We were advised by our accountant to set up an IRA for the tax year 2018. We were a little nervous that the process would take too long since we had just a few days to accomplish this. But, everything went smooth and we had the IRA set up with days to spare thanks to DCU!
Date published: 2019-04-13
Rated 5 out of 5 by from Great Rates It was simple to open and I got a great rate compared to other banks.
Date published: 2019-02-25
Rated 5 out of 5 by from Very efficient service when it comes to setting up IRAs I have done this (rolling money over from a 401(k) to a traditional IRA) many times before with DCU, I always get quick reliable service and very competitive CD rates. Their IRA department takes good care of any question or concern I have.
Date published: 2018-12-22
Rated 5 out of 5 by from They make it easy! DCU makes it easy to transfer funds and explain account options. The process was easy and didn’t require any back and forth. I highly reccomend.
Date published: 2018-09-02
Rated 5 out of 5 by from Excellent Customer Service Each time I enter the new location of DCU in Leominster/Lancaster on route 117 I am greeted by nice people who are welcoming, respectful and helpful. The place is very clean, which makes me feel good about being there. I know it's arbitrary but it actually does count for something. I have been a member for over 30 years so it makes perfect sense to me to trust DCU with my IRA based on how well they have helped me finance my home, cars and VISA over the years. The IRA procedure was fast and taken care of by experts so I felt confident my money was in the right place.
Date published: 2018-06-13
Rated 5 out of 5 by from IRA'S DCU Ira's are the best in the banking business. The representative was very helpful and answered my questions as best as they could. I would recommend anyone wishing to save retirement money, should go to DCU.
Date published: 2018-04-21
Rated 5 out of 5 by from Like the product, Excellent Service Like the product, Excellent Service.My husband is with DCU for 20 years, that is the only Bank we are using . very proud of their Product and services.
Date published: 2018-04-16
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Can my fiancé and I open a joint IRA account together. Do we have to be married?

Asked by: Sara
As a surviving spouse, the deceased spouses IRA automatically rolls into the survivor’s name. I paid no inheritance tax on the ‘pre-tax’ IRA, only Federal income tax when I actually withdrew funds. That was my experience as a resident in NH. I have had great experiences with DCU including mortgages, auto loans, VISA and savings.
Answered by: Mari
Date published: 2019-03-30

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
I have heard of your ladder concept before, and I don't know if DCU can provide what you ask. However, I can say that I have not had a jump-up CD for awhile, but when I had them, you could only jump-up once per term.
Answered by: Elaine
Date published: 2018-05-19
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"Rates Are The Best I Have Seen In A While!"

Open quote Awesome service! A step above other financial institutions! Thank you! Close quote

— Cheri, Waltham, MA

"Best Interest Rates Available!"

Open quote I checked out MANY locations, banks, etc., and found that the BEST investment was right here at DCU ! Close quote

— Rie, Wolfeboro, NH

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