SafeAmerica Credit Union

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  With Traditional IRAs you won’t pay taxes on your earnings until the amount is withdrawn or distributed.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 2-1-23
Term Dividend Rate APY1
3 months 1.00% 1.00%
6 months 1.24% 1.25%
8 months 3.93% 4.00%
11 months 4.17% 4.25%
12 months 1.98% 2.00%
24 months 2.23% 2.25%
36 months 2.23% 2.25%
48 months 2.23% 2.25%
60 months 2.23% 2.25%

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.

8 and 11 Month Special: Minimum balance requirement is $10,000, new money only and rolls into a 6 month certificate upon maturity. Any money deposited at SafeAmerica within the last 30 days qualifies as “new money”. Early withdrawal penalties apply to all certificates.

IRA Money Market Rates

IRA Money Market Rates   Rates as of 2-1-23
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.

Rates and Fees »

Open an IRA Account

To open an IRA, call us at (800) 972-0999.