IRAs
Your financial future depends on what you save today! We have a variety of savings and investment accounts designed to help you prepare for unexpected expenses, your children’s education, retirement and more.
Traditional IRA Accounts
Retirement savings made easy.
- Tax-deductible contributions
- Tax-deferred earnings
- Taxed withdrawals
- Contributions can be made up to 70% at which time withdrawals are mandatory
Roth IRA Accounts
Tax Free Retirement Savings
- Contributions are not tax-deductible
- Eligibility to contribute based on income
- Qualified withdrawals will not be taxed
- Contributions can be made until any age and distribution is not required
- Tax-free earnings
Traditional & Roth IRA Accounts
Traditional and Roth IRA Savings Account
- No minimum balance
- Receive dividends at a set APY
Traditional and Roth IRA Certificate Account
- Certificate terms of maturity can be 18, 30, or 60 months
- Minimum deposit of $2000
- APY is tiered with your NCFCU membership level
Coverdell Educational IRA Accounts
Education IRA are custodial or trust accounts with the specified purpose of providing funds for qualified education expenses for a child.
Coverdell Educational IRAs
Contribution rules are as follows:
- Minimum deposit of $500 and maximum of $2000 for one child per year until a child reaches the age of 18.
- Coverdell Educational IRA Savings – Receive dividends at a set APY
- Coverdell Educational IRA Certificate Account
- Certificate terms of maturity can be 18, 30, or 60 months
- Minimum deposit of $500
- APY is tiered with your NCFCU membership level