Individual Retirement Accounts
Individual Retirement Accounts are a great way to help you save for retirement on a tax-free or a tax-deferred basis. Choose from a Share Certificate IRA with term choices from 3- to 60-months or a Money Market IRA for liquid savings.
SafeAmerica offers both Traditional and Roth IRA accounts. With Traditional IRAs you won’t pay taxes on your earnings until the amount is withdrawn or distributed. Roth IRAs provide no tax break for contributions, but earnings and withdrawals are generally tax-free.
Details
- No minimum balance is required
- Choose from a Share Certificate IRA or Money Market IRA
- No custodial fees
- Contributions may be made in "lump sums" or by regular deposits throughout the year
- Dividends are paid monthly
- Privately insured to $500,000
For specific tax advice, please consult a qualified tax professional.
Individual Retirement Account Rates
| IRA Rates Rates as of 7-1-19 | ||
|---|---|---|
| Term | Dividend Rate | APY1 |
| 3 months | 1.49% | 1.50% |
| 6 months | 1.51% | 1.52% |
| 12 months | 1.68% | 1.69% |
| 14 months | 1.65% | 1.66% |
| 18 months | 1.65% | 1.66% |
| 24 months | 1.65% | 1.66% |
| 30 months | 1.63% | 1.64% |
| 36 months | 1.60% | 1.61% |
| 48 months | 1.65% | 1.66% |
| 60 months | 1.65% | 1.66% |
1 Annual Percentage Yield. All IRA Certificates require a minimum balance of $1,000 or more. Rates are subject to change without notice. Early withdrawal penalties apply to certificates.
IRA Money Market Rates
| IRA Money Market Rates Rates as of 7-1-19 | ||
|---|---|---|
| Balance | Dividend Rate | APY1 |
| $200 – $2,499 | 0.05% | 0.05% |
| $2,500 – $24,999 | 0.25% | 0.25% |
| $25,000 – $49,999 | 0.35% | 0.35% |
| $50,000 – $99,999 | 0.35% | 0.35% |
| $100,000 and above | 0.35% | 0.35% |
1 Annual Percentage Yield. All IRA Certificates require a minimum balance of $1,000 or more. Rates are subject to change without notice. Early withdrawal penalties apply to certificates.
Open an IRA Account
- Traditional & Roth IRA accounts available
- No monthly service fee
- Tax savings potential
- Mobile banking
- Online banking
