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IRA CDs and IRA Savings Accounts.

Multiple IRA Options

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You can invest in a Traditional or Roth IRA, or a Coverdell ESA.
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IRA CDs And Savings

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Both IRA Certificates of Deposit (CDs) and an IRA Savings Account are available investment options.
OPEN AT A BRANCH

No Minimum To Open

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There’s no minimum amount needed to started saving for retirement.
OPEN AT A BRANCH
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TRADITIONAL

Traditional IRA

  • No income limits to open
  • No minimum contribution requirement
  • Contributions are tax deductible
  • Earnings are tax deferred until withdrawal
Consult your tax advisor for conditions and limitations.
OPEN AT A BRANCH
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ROTH

Roth IRA

  • Income limits to be eligible to open and contribute to a Roth IRA
  • Contributions are NOT tax deductible
  • No age limit on making contributions as long as you have earned income

    • Consult your tax advisor for conditions and limitations.
OPEN AT A BRANCH
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COVERDELL ESA

Coverdell ESA

  • Set aside funds for your child's education
  • No setup or annual fee
  • Dividends grow tax-free
  • Designated beneficiary must be under 18 when contributions are made
  • Contributions are not tax deductible
  • $2,000 maximum annual contribution per child
  • $10 minimum deposit to open

    • Consult your tax advisor for conditions and limitations.
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IRA CD Rates

Competitive rates on a variety of terms to meet your retirement needs.

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APY = Annual Percentage Yield

$500 minimum to open IRA Share Certificates. Early withdrawal penalties may apply.

Certificate Term
Dividend Rate
APY*
Certificate Term
12 Months
Dividend Rate
0.35%
APY*
0.35%
Certificate Term
18 Months
Dividend Rate
0.50%
APY*
0.50%
Certificate Term
24 Months
Dividend Rate
0.60%
APY*
0.60%
Certificate Term
36 Months
Dividend Rate
0.70%
APY*
0.70%
Certificate Term
48 Months
Dividend Rate
0.80%
APY*
0.80%
Certificate Term
60 Months
Dividend Rate
0.90%
APY*
0.90%
Effective November 16, 2020
Certificate Term
Dividend Rate
APY*
Certificate Term
12 Months
Dividend Rate
0.70%
APY*
0.70%
Certificate Term
18 Months
Dividend Rate
0.75%
APY*
0.75%
Certificate Term
24 Months
Dividend Rate
0.85%
APY*
0.85%
Certificate Term
36 Months
Dividend Rate
0.90%
APY*
0.90%
Certificate Term
48 Months
Dividend Rate
1.00%
APY*
1.00%
Certificate Term
60 Months
Dividend Rate
1.09%
APY*
1.10%
Effective November 16, 2020
Certificate Term
Dividend Rate
APY*
Certificate Term
12 Months
Dividend Rate
0.85%
APY*
0.85%
Certificate Term
18 Months
Dividend Rate
0.90%
APY*
0.90%
Certificate Term
24 Months
Dividend Rate
0.99%
APY*
0.99%
Certificate Term
36 Months
Dividend Rate
1.04%
APY*
1.04%
Certificate Term
48 Months
Dividend Rate
1.14%
APY*
1.15%
Certificate Term
60 Months
Dividend Rate
1.19%
APY*
1.20%
Effective November 16, 2020
Certificate Term
Dividend Rate
APY*
Certificate Term
12 Months
Dividend Rate
0.96%
APY*
0.96%
Certificate Term
18 Months
Dividend Rate
1.01%
APY*
1.01%
Certificate Term
24 Months
Dividend Rate
1.08%
APY*
1.09%
Certificate Term
36 Months
Dividend Rate
1.14%
APY*
1.15%
Certificate Term
48 Months
Dividend Rate
1.24%
APY*
1.25%
Certificate Term
60 Months
Dividend Rate
1.34%
APY*
1.35%
Effective November 16, 2020

APY = Annual Percentage Yield

$500 minimum to open IRA Share Certificates. Early withdrawal penalties may apply.

IRA Savings Rates

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APY = Annual Percentage Yield. $25 minimum to open Traditional or Roth IRA share savings accounts. $10 minimum to open a Coverdell IRA.

IRA Savings Account
Account Type
APY* (as high as)
Minimum To Open
Account Type
Share Savings Account
APY* (as high as)
0.30%
Minimum To Open
$10.00 - Coverdell ESA
25.00 - Traditional or Roth
Effective November 16, 2020

APY = Annual Percentage Yield. $25 minimum to open Traditional or Roth IRA share savings accounts. $10 minimum to open a Coverdell IRA.

IRA BENEFITS

Improve Your Quality Of Life

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Peace Of Mind
Rest easy knowing you have a plan in place for your retirement.
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Grow Your Nest Egg
It’s never too soon to start saving. The earlier you start the better.
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Save For Education
Higher education is expensive. Curb the strain by investing now.
Individual Retirement Accounts offer tax benefits as you save for your retirement or your child's future education. You and your tax advisor can use these accounts to help prepare you for your golden years.
OPEN AT A BRANCH
woman wearing orange outfit
Peace Of Mind
Rest easy knowing you have a plan in place for your retirement.
2 people watching the sunset sitting on a cliff
Grow Your Nest Egg
It’s never too soon to start saving. The earlier you start the better.
two men playing chess at the park
Save For Education
Higher education is expensive. Curb the strain by investing now.
SUCCESSFUL BUDGETING

Claim your FREE copy!
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Free budgeting templates and expert tips.

This free guide includes money saving tips and templates to help you manage your monthly budget successfully. 

What this guide includes:
  1. Why you need a budget
  2. Keeping track of your expenses
  3. Setting realistic savings goals 
  4. Ways to stretch your budget
  5. Growing emergency savings 
IRA ACCOUNTS

Investing In IRA Accounts.

There are many different ways to save for retirement. One way is with Individual Retirement Accounts (IRAs). Your IRA investments should always be managed by a tax professional. 

At Allegiance we offer IRA CDs and an IRA Savings Account. These accounts earn returns that may offer you favorable tax benefits.

Each type of account has a different set of eligibility requirements as well as maximum amounts that can be invested.

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Before investing in one of our IRA accounts we recommend that you speak with a tax professional to ensure that you’re choosing the best option for you and that you’re eligible for the account type you’re picking.

We’re happy to be part of your journey towards a meaningful and fulfilling retirement lifestyle! 

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FAQ

Have more questions?

We are here to answer all of your questions. Let us know how we can help!

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How can I view my IRA balance?

You can check the balance of your IRA by logging in to online banking or the ACU mobile app.

Do I need an account at Allegiance in order to invest in an IRA?

Yes, you need to become a member of ACU to invest in an IRA account. You can join ACU at the time you open your investment account.

Can I make withdrawals from my IRA?

Depending on the type of IRA you have, some withdrawals are allowed without penalty if certain conditions are met. Please contact us for more details at 405-789-7900. You should also consult your tax advisor for conditions and limitations.

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Free Financial Calculators

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