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Personal and Business Banking


IRA Service Center

Open and Manage your DCU Individual Retirement Accounts Online

  • Details
  • Rates

Congratulations! You are taking the first step toward financial security in your retirement by taking the time to learn about your saving options. Whatever your age, financial situation, or saving experience, you are in the right place to get started.

Ensuring financial security in retirement is one of the greatest challenges facing American workers today. With uncertainty over the adequacy of Social Security to meet the needs of future retirees, Americans will be forced to rely more heavily on their own resources to support their retirement lifestyle.

The world of employer-sponsored retirement plans is changing, too. Much less common today is the defined benefit plan. A defined benefit plan is the kind of plan that assures former employees a dependable income throughout their retirement years. The pension world is changing to one in which employees now carry most of the burden of saving for retirement. And even when an employer plan is available, employees may be required to make most or all of the contributions.

FAQs and Resources:

  • Growing Your Savings During Every Stage of Life: Now is the time to save for your future. No matter what stage you’re at in life, saving now with an IRA can better prepare you for your future. Whether you are just beginning your career, planning for your family, or approaching retirement, it’s never too late to start saving with a Traditional IRA or a Roth IRA. Learn more.

  • Exploring Your IRA Options – Roth IRA vs. Traditional IRA: Explore what each type of IRA has to offer to get the most out of saving for your retirement. How does a Traditional IRA differ from a Roth IRA? Which one is right for you? Once you know the answer to the first question, you may be able to answer the second. Learn more.

  • Taking a Closer Look at Eligibility - Roth IRA vs. Traditional IRA: Bring Traditional and Roth IRAs into focus and start saving today. Before you can contribute to a Traditional IRA or a Roth IRA, you’ll first need to determine if you are eligible for either. Although the contribution eligibility requirements differ for each, often the decision of which one to contribute depends on your income. Follow the flow chart in this document to better understand how your income affects whether you can contribute to a Roth IRA or whether you can deduct your Traditional IRA contribution. Learn more.

  • Traditional IRA FAQs:Find the answers to guide you in the right direction before saving with a Traditional IRA. Are you interested in opening a Traditional IRA but have some questions? The questions and answers given here may help you make a more informed decision on whether a Traditional IRA is right for you. Learn more.

  • Roth IRA FAQs:Find the answers to point you in the right direction before saving with a Roth IRA. Are you interested in opening a Roth IRA but have some questions? The questions and answers given here may help you make a more informed decision on whether a Roth IRA is right for you. Learn more.

  • Rolling Your Way to Retirement: Moving your retirement savings? Just roll with it. Rolling over retirement plan assets or an IRA is stress-free when you understand the rules. Learn more.

  • Conversions – Moving Into a Roth IRA: Secure a tax-free income at retirement by moving into a Roth IRA. Converting your Traditional or SIMPLE IRA to a Roth IRA may be a great way to maximize your IRA savings. Discover how easy it is to convert and how it may affect you financially. This may be a move that you’ll want to make. Learn more.

  • Securing Retirement One Simplified Employee Pension (SEP) Plan at a Time: Simply saving for retirement on the job with a Simplified Employee Pension (SEP) plan. Are you contemplating a retirement plan for your business, but are reluctant to take on the complexity that comes with most plans? Consider setting up a Simplified Employee Pension (SEP) plan. Learn more.

  • Health Savings Accounts (HSA) – Balancing Rising Health Care Costs: Tax-deductible contributions and tax-free distributions. The best of both worlds is possible with a Health Savings Account (HSA). A Health Savings Account (HSA) not only helps you get a handle on rising health care costs, but provides a tax-advantaged way to save. Learn more.

  • Coverdell Education Savings Accounts (ESA) – Answers to Your Questions: Find the answers to lead you in the right direction before saving with a Coverdell Education Savings Account (ESA). Are you interested in opening a Coverdell Education Savings Account (ESA) for a child but have some questions? These questions and answers may help you make a more informed decision on whether a Coverdell Education Savings Account (ESA) is the right choice. Learn more.

If you have additional questions, please consult with a tax professional.

Certificate IRA* Rates*

Certificates IRA Rates – Minimum balance of $500 is required to open your account.
May be used for Traditional, Roth, SEP, and SIMPLE accounts.
OUR BEST RATES
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 .

*IRA = Individual Retirement Account

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.

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

Jump-Up IRA* Certificate of Deposit Rates

OUR BEST RATES
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 = Individual Retirement Account

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.

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

Money Market IRA* Rates**

$1,000 minimum balance to earn dividends.
Balance Tiers Dividend Rate Annual Percentage Yield
When daily balance is $100,000.00 or more 1.75% 1.77%
When daily balance is $50,000.00 to $99,999.99 1.65% 1.66%
When daily balance is $25,000.00 to $49,999.99 1.65% 1.66%
When daily balance is $10,000.00 to $24,999.99 1.55% 1.56%
When daily balance is $1,000.00 to $9,999.99 1.55% 1.56%

Rates are effective .

*IRA = Individual Retirement Account

**Rates are subject to change weekly. Funds earn dividends from the first business day of deposit and are compounded daily and posted monthly. Accrued dividends are forfeited if account is closed prior to monthly dividend posting. Fees or other conditions may reduce earnings. 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 savings account would be what you earned at the end of a year if you made a deposit on the first day of the year, did not add to or subtract from the balance along the way, nor withdrew any dividends.

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

Savings IRA* Rates**

May be used for Traditional, Roth, SEP, and SIMPLE accounts.
Minimum and Terms Dividend Rate Annual Percentage Yield
No Minimum Balance 0.40% 0.40%

Rates are effective .

*IRA = Individual Retirement Account

**Rates are subject to change weekly. Funds earn dividends from the first business day of deposit and are compounded daily and posted monthly. Accrued dividends are forfeited if account is closed prior to monthly dividend posting. Fees or other conditions may reduce earnings. Refer to DCU's Truth-in-Savings Disclosures and Account Agreements and Schedule of Fees and Service Charges.

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 savings account would be what you earned at the end of a year if you made a deposit on the first day of the year, did not add to or subtract from the balance along the way, nor withdrew any dividends.

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

HSA^ Checking Account Rates**

Offers a tax advantage to help offset healthcare expenses.
Balance Tiers Dividend Rate Annual Percentage Yield
When daily balance is $100,000 or more 0.45% 0.45%
When daily balance is $50,000 to $99,999 0.40% 0.40%
When daily balance is $25,000 to $49,999 0.35% 0.35%
When daily balance is $10,000 to $24,999 0.30% 0.30%
When daily balance is $1,000 to $9,999 0.25% 0.25%
When daily balance is less than $1,000 0.20% 0.20%

Rates are effective .

^HSA = Health Savings Account

**Rates are subject to change weekly. Funds earn dividends from the first business day of deposit and are compounded daily and posted monthly. HSA Checking Account dividends are calculated on the full balance using the highest applicable dividend rate. Accrued dividends are forfeited if account is closed prior to monthly dividend posting. Fees or other conditions may reduce earnings. Refer to DCU's Truth-in-Savings Disclosures and Account Agreements and Schedule of Fees and Service Charges.

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 savings account would be what you earned at the end of a year if you made a deposit on the first day of the year, did not add to or subtract from the balance along the way, nor withdrew any dividends.

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