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IRAs

Individual Retirement Accounts (IRAs) allow you to save for specific retirement goals and offer potential tax benefits (please consult a tax advisor)

 
 
  • SPOTLIGHT: No income limits for Roth IRA conversions starting in 2010. Move to tax-free investing.
  • Choose from a wide variety of Traditional and Roth IRA investments including Daily IRAs, IRA Certificates, and Ladder Certificates
  • Customize withdrawals - lump sum or periodic payments
  • Spousal plans are also available
  • IRA deposits are federally insured to $250,000 by the National Credit Union Administration (NCUA)

Visit our IRA Service Center to open an IRA, service an existing IRA, or learn more about IRAs. Or, talk to a Specialist at (800) 848-5654, option 8 for help:

  • Selecting the IRA program, Traditional or Roth, right for you
  • Transferring your IRA from another institution for free
  • Arranging automatic monthly transfers to your Daily IRA from checking or savings to save "painlessly" and build towards the minimum balance needed for an IRA certificate

Rates effective January 28, 2010 APY = Annual Percentage Yield

Investment Term Minimum Balance Dividend Rate APY
Daily IRA n/a $50 0.20% 0.20%
Daily IRA n/a $50,000 0.55% 0.55%
IRA Certificate 6 months $2,000 0.45% 0.45%
IRA Certificate 6 months $500 0.40% 0.40%
IRA Certificate 12 months $2,000 0.64% 0.64%
IRA Certificate 12 months $10,000 0.67% 0.67%
IRA Certificate 12 months $100,000 0.70% 0.70%
IRA Certificate 18 months $2,000 0.99% 1.00%
IRA Certificate 18 months $10,000 1.27% 1.27%
IRA Certificate 18 months $100,000 1.30% 1.31%
IRA Certificate 24 months $2,000 1.34% 1.35%
IRA Certificate 24 months $10,000 1.37% 1.38%
IRA Certificate 24 months $100,000 1.40% 1.41%
IRA Certificate 30 months $2,000 1.34% 1.35%
IRA Certificate 30 months $10,000 1.37% 1.38%
IRA Certificate 30 months $100,000 1.40% 1.41%
IRA Certificate 36 months $2,000 1.65% 1.66%
IRA Certificate 36 months $10,000 1.68% 1.69%
IRA Certificate 36 months $100,000 1.71% 1.72%
IRA Certificate 60 months $2,000 2.15% 2.17%
IRA Certificate 60 months $10,000 2.18% 2.20%
IRA Certificate 60 months $100,000 2.21% 2.23%
See Also
Share Certificates are another great option for long-term savings.
 
Build your roadmap to financial success. Contact a financial advisor in your area for a no-obligation consultation.

 

Terms & Conditions

Programs (including but not limited to fees, rates, and features) are subject to change without notice. After account is opened, dividend rate and APY may change at North Island Credit Union's discretion. Fees may reduce earnings.