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.

Please contact your tax adviser prior to making your final decision on which IRA best suits your needs.

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.

Tier Balance Range APY* Rate
1 $0 – $24,999 .30% .2996%
2 $25,000 – $49,999 .40% .3993%
3 $50,000 – $74,999 .50% .4989%
4 $75,000 – $99,999 .75% .7474%
5 $100,000 – $149,999 .75% .7474%
6 $150,000+ .75% .7474%

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