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.

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 0.40% 0.40%
2 $25,000 – $49,999 0.50% 0.50%
3 $50,000 – $74,999 0.75% 0.75%
4 $75,000 – $99,999 1.00% 1.00%
5 $100,000 – $149,999 1.00% 1.00%
6 $150,000+ 1.25% 1.24%

*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.

Term APY* Rate Minimum to Open
6-Month 1.50% 1.49% $1000
12-Month 2.50% 2.47% $1000
18-Month 2.75% 2.72% $1000
24-Month 3.00% 2.96% $1000
36-Month 3.25% 3.20% $1000
48-Month 3.00% 2.96% $1000
60-Month 2.50% 2.47% $1000

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