Grow your savings risk-free and tax-advantaged.

Safeguard your earnings as they grow, with an IRA CD. It allows you to save for a set period of time at a guaranteed, fixed rate. Choose from a Traditional CD IRA, a Roth CD IRA, or a SEP CD IRA.

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Certificate of Deposit IRA Features

    Earn Dividends

    Earn at a fixed, guaranteed rate.

    Federally Insured

    Your savings are federally insured up to $250,000.

    No Maintenance Fees

    $0 setup, monthly, and annual fees.

    Opening Deposit

    Start your certificate of deposit IRA with as little as $1,000.

    Tax Benefits

    Retirement savings with tax benefits.58

Certificate of Deposit IRA Rates

Term Balance Dividend Rate Annual Percentage Yield (APY)10
12 Months $1,000 and over 0.54% 0.55%
18 Months $1,000 and over 0.64% 0.65%
24 Months $1,000 and over 0.69% 0.70%
36 Months $1,000 and over 0.79% 0.80%
48 Months $1,000 and over 0.89% 0.90%
6 Months $1,000 and over 0.20% 0.20%
60 Months $1,000 and over 0.99% 1.00%

Compare IRAs

Depending on your needs, you can choose to set up your IRA as a Traditional, Roth, or SEP IRA.

Traditional IRARoth IRASEP IRA
OverviewOur traditional IRA allows you to save for retirement with a guaranteed, fixed rate. Earnings are tax-deferred and your contributions may be tax-deductible.Earnings are guaranteed at a fixed rate and grow tax-free. You pay taxes on your contributions now, but earnings are tax-free upon withdrawal.A SEP IRA is designed for the self-employed investor. Earnings are guaranteed at a fixed rate and tax-deferred.
Best ifYou want to reduce your current taxable income, and don’t plan on making withdrawals until retirement, at age 59 ½.You want to reduce your taxable income at retirement, you need more flexibility for withdrawals, or you may work past age 70.You are self-employed, a small business owner or freelancer who wants to reduce their current taxable income.
Tax AdvantagesYou may be able to reduce your current income taxes now. You don't pay taxes until you make a withdrawal, typically when you are in a lower tax bracket.All earnings grow tax-free, and you don’t pay taxes when you make a withdrawal, typically when you are in a lower tax bracket.You don’t pay taxes until you make a withdrawal.
WithdrawalsWithdrawals are taxable income. Withdrawals made before age 59½ could be subject to a 10% penalty.Earnings that have been in the account for 5 years are tax-free if you are at least 59½. Contributions can be withdrawn anytime with no penalty or taxation.Withdrawals are taxable income. Withdrawals made before age 59½ could be subject to a 10% penalty.
Mandatory WithdrawalsAt age 70½NoneAt age 70½
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Investment Services

Simply dreaming of retirement isn’t enough. Dreams come true when a carefully crafted financial plan is executed with precision. That’s where we come in. At First Service Credit Union, our First Service Wealth Management advisors listen to your goals, assess your risks, and develop a comprehensive plan to help you achieve them.30

Having enough money to afford retirement can seem daunting — it doesn’t have to. Stop dreaming of retirement. The earlier you start saving, the better. With a First Service Wealth Management advisor, your retirement is within reach when you start investing, today.

Our wealth management advisors can offer you investment IRAs, mutual funds, annuities, and other options to help reach your goals.

LEARN MORE about investment services