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Traditional IRA

Maximize your savings

Traditional IRA

Maximize your savings

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 $5,500.00 for age 49 and under, and $6,500.00 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 an IRA specialist

Not sure where to start? Speak with our IRA specialist today!
Call us at 562.862.8141.
Interested in a Traditional IRA?

Simply provide your name and phone number and we’ll give you a call.

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Or call us at 562.862.8141


Traditional IRA Certificate Rates
Term Dividend Rate* APY+
12 months View rates View rates
18 months View rates View rates
24 months View rates View rates
36 months View rates View rates
48 months View rates View rates
60 months View rates View rates
Open a Traditional IRA

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.

  • $25 Minimum to open for Share, $500 for Certificate
  • Dividends compounded daily and paid quarterly on average daily balance
  • No monthly service charges