IRA

Retire safely and securely with an Individual Retirement Account (IRA) from Industrial.

Types of IRA Accounts offered at Industrial Credit Union:

Traditional: If you want a tax deduction now or if you think you’ll be in a lower tax bracket when you retire, a Traditional IRA is a sensible choice.
Roth: If flexibility is what you need, consider a Roth IRA. It’s a good fit if you don’t need the tax break now.
Savings Certificates: Gearing up for changes? IRA funds are eligible to roll into Savings Certificate as a shorter term option.

Considering a withdrawal? Review your options with our Traditional IRA Withdrawal Calculator.

Please contact your tax adviser prior to making a decision about which IRA best suits your needs.

Rates shown here are current as of:
February 1, 2024

Traditional & Roth IRAs

Tier	Balance Range	APY*	Rate
IRA accounts are subject to a $10 enrollment fee. *APY = Annual Percentage Yield. Dividends are compounded and credited monthly using a daily balance method. Rates subject to change without notice. Fees could reduce earnings. Penalty may be imposed for early withdrawal. Your savings federally insured to at least $250,000 by the NCUA.
1	$0 – $24,999.99	0.75%	0.75%
2	$25,000 – $49,999.99	0.75%	0.75%
3	$50,000 – $74,999.99	1.00%	1.00%
4	$75,000 – $99,999.99	1.25%	1.24%
5	$100,000 – $149,999.99	1.25%	1.24%
6	$150,000+	2.00%	1.98%

Term	APY*	Rate	Minimum to Open
*APY = Annual Percentage Yield. Dividends are compounded and credited monthly using a daily balance method. Rates subject to change without notice. Fees could reduce earnings. Penalty may be imposed for early withdrawal. Your savings federally insured to at least $250,000 by the NCUA.
6-Month	2.25%	2.23%	$1000
12-Month	4.50%	4.41%	$1000
18-Month	4.75%	4.65%	$1000
24-Month	4.50%	4.41%	$1000
36-Month	4.00%	3.93%	$1000
48-Month	3.75%	3.69%	$1000
60-Month	3.75%	3.69%	$1000

Below are some additional resources to help you with your decisions.