IRAs
It's never too early to start saving for your retirement. Pacific NW offers Traditional and Roth IRAs, as well as Coverdell Education Savings Accounts. We can help you save for your future, while taking your current tax needs into consideration. Traditional IRAs have become more popular because of expanded income limits, which means that more people are able to make tax-deductible contributions. Roth IRAs and Coverdell Accounts are not tax-deductible, but qualified withdrawals are tax-free*. Not sure what IRA is right for you? Click here to compare your IRA options. Our competitive rates are tiered, so the more you contribute, the more you will earn. Features of IRA accounts include:
- Both short-term and long-term certificates are available
- New IRA options with "add to your IRA" features (ask your member service representative for details)
- IRA accounts are insured separately from other accounts up to $250,000
With the current media coverage on troubled banks, you may be wondering if your accounts are secure at the credit union. The short answer is, yes!
Not only is our credit union sound and stable, every credit union in Oregon is federally insured by a fund that is backed by the full faith and credit of the U.S. government. The National Credit Union Share Insurance Fund (NCUSIF) insures accounts to at least $100,000 per account (with additional coverage of up to $250,000 for certain retirement accounts), just as the FDIC does for banks. For more information on federal share insurance click here.
Click here to print our rates and disclosures. Click here to review our service charges.
| New
IRA and CD Specials! |
||
| 12-month Add-To IRA* | 2.91%
APR |
2.95%
APY |
| 30-month Sound Investment CD** |
3.69%
APR |
3.75%
APY |
*"Add-To
IRA" Terms: Maximum 12-month contribution
limit is $6,000 per member (Subject to IRS tax limits for IRA
accounts). Consult with a tax advisor for individual annual
contribution limits. Certificate will renew at the new 12-month
rate. |
||
Apply for an IRA online:
Traditional, IRA or Roth IRA Certificate account rates are fixed for the length of the term and are determined by the opening dollar amount.
* APY = Annual Percentage
Yield. APY set forth assumes funds will remain on deposit until
maturity. Early withdrawal penalty applies. Deposits insured
to at least $100,000 by the NCUA. IRA accounts insured separately
by the NCUA up to $250,000. Rates subject to change without
notice. See your Member Relations Officer for complete details.
Certificate account rates are fixed for the length of the term
and are determined by the opening dollar amount.
† Minimum balance for Youth Certificates is $100. Youth Certificates are available only to members 18 years of age and younger. Minimum opening balance for members 19 years of age and older is $1000. |
| Pacific
NW Federal Credit Union Investment Center |
||
A
complimentary service for our members, designed to assist you
in organizing your finances and protecting your assets. This
financial management service is a separate entity from Pacific
NW Federal Credit Union and is governed by its own rules. |
APY
varies with investment** |
|
** Securities
offered through CUSO Financial Services, L.P. (CFS), are not
NCUA/NCUSIF insured, are not credit union guaranteed, and may
lose value. Financial Advisors are employees of Pacific NW Federal
Credit Union and registered through CFS. Pacific NW Federal
Credit Union is affiliated with CFS (member NASD/SIPC).
|
||
* Please consult your tax advisor regarding IRA tax deductibility and for specific tax advice.
Click here for savings calculator
Are you not sure which investment is right for you? Email our Financial Advisor, or refer to our Financial Planning resources for more information.
