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IRA Service Center

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DCU Individual Retirement Accounts Online

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.

Retirement Resources and Education:

  • 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. 

  • 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. 

  • 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. 

  • 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. 

  • 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. 

  • 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. 

  • 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. 

  • Securing Retirement One Simplified Employee Pension (SEP) Plan at a Time: Simply saving for retirement on the job with a Simplified Employee Pension 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 an SEP plan. 

  • 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. An HSA not only helps you get a handle on rising health care costs, but provides a tax-advantaged way to save.

  • 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. Are you interested in opening an ESA for a child but have some questions? These questions and answers may help you make a more informed decision on whether an ESA account is the right choice. 

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

Certificate IRA Rates

May be used for Traditional, Roth, SEP, and SIMPLE accounts. | Minimum balance of $500.00 to open. Minimum daily balance of $500.00 to earn APY¹

Term Dividend Rate APY¹
60 months 3.40% 3.46%
48 to 59 months 3.45% 3.51%
36 to 47 months 3.55% 3.61%
24 to 35 months 4.15% 4.24%
12 to 23 months 4.25% 4.34%
6 to 11 months 4.50% 4.60%
3 to 5 months 4.75% 4.86%

¹APY = Annual Percentage Yield. Rates are variable and are subject to change weekly. The rate will remain in effect for the term of the certificate once issued. Dividends compounded daily, credited monthly. A penalty may be imposed for early withdrawal. Early withdrawal may also result in tax implications. Other conditions may apply. Please refer to DCU's Account Agreement for Consumers, and Schedule of Fees and Service Charges for important information and disclosures.

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

Jump-Up Certificate IRA Rates

Jump the rate up one time per term – you decide when | Minimum balance of $500.00 to open. Minimum daily balance of $500.00 to earn APY¹

Term Dividend Rate APY¹
27 months 4.15% 4.24%
15 months 4.25% 4.34%

¹APY = Annual Percentage Yield. Rates are variable and are subject to change weekly. The rate will remain in effect for the term of the certificate once issued, unless you decide to jump up the rate once during the term of the certificate. Dividends compounded daily, credited monthly. A penalty may be imposed for early withdrawal. Early withdrawal may also result in tax implications. Other conditions may apply. Please refer to DCU's Account Agreement for Consumers, and Schedule of Fees and Service Charges for important information and disclosures.

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

Money Market IRA Rates

May be used for Traditional, Roth, SEP, and SIMPLE accounts.

Minimum Daily Balance to earn Dividend Rate APY¹
$100,000.00 or more 3.25% 3.30%
$50,000.00 to $99,999.99 1.75% 1.77%
$25,000.00 to $49,999.9 1.75% 1.77%
$10,000.00 to $24,999.99 1.70% 1.71%
$1,000.00 to $9,999.99 1.70% 1.71%

¹APY = Annual Percentage Yield. Rates are variable and may change after the account is opened and are subject to change weekly. Fees may reduce earning on the account. Other conditions may apply. Please refer to DCU's Account Agreement for Consumers, and Schedule of Fees and Service Charges for important information and disclosures.

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 Daily Balance to earn Dividend Rate APY¹
No Minimum Balance 0.20% 0.20%

¹APY = Annual Percentage Yield. Rates are variable and may change after the account is opened at any time at DCU’s discretion. There is a $10.00 minimum to open the account. Fees may reduce earnings on the account. Early withdrawal may result in tax implications. Other conditions may apply. Please refer to DCU's Account Agreement for Consumers, and Schedule of Fees and Service Charges for important information and disclosures.

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