Share

• Open a Traditional IRA Share with $25 balance to start with no fixed term
• Deposits up to $5,500 for members for age 49 and under, and $6,500.00 for age 50 and over per year tax deferred (changes yearly)
• Contributions and dividends are tax-deferred
• Contributions are tax-deductible
• No penalty from Credit Union for withdrawals (IRS mandatory withdrawal at age 70½ for traditional IRA)
• No maintenance fee
• Must have a balance of $100 or over to earn dividends
• Rates vary. See rates page.

Certificate

• Open a Traditional IRA Certificate with $500 to start at a fixed term
• Certificates will automatically roll over at maturity, with the same term and current rate unless member request different
• Deposits up to $6,500.00 for age 49 and under, and $7,500.00 for age 50 and over per year tax-deferred
• Contributions and dividends are tax-deferred
• Subject to early withdrawal penalties (IRS penalties may also apply)
• No maintenance fee
• Rates based on Certificate term, see below.

Speak to a representative!

Members

If you are already a DFCU member, simply call 562.862.8141 or email feedback@downeyfcu.org to open this account.

Non-Members

If you aren’t a DFCU member yet, visit our branch to open this account.