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Secure your future with a Traditional or Roth IRA.

Our Individual Retirement Accounts help you build a bigger nest egg with higher interest rates and tax advantages.

IRA RATES

1APY=Annual Percentage Yield. Account qualifications apply. View our Schedule of Rates and Fees or contact credit union for full details.

Rates as of: September 5, 2023
Term
DIVIDEND RATE
APY1
Term
6 Months
DIVIDEND RATE
1.54%
APY1
1.55%
Term
1 Year
DIVIDEND RATE
1.74%
APY1
1.75%
Term
2 Years
DIVIDEND RATE
1.99%
APY1
2.00%
Term
3 Years
DIVIDEND RATE
2.23%
APY1
2.25%
Term
4 Years
DIVIDEND RATE
2.38%
APY1
2.40%
Term
5 Years
DIVIDEND RATE
2.48%
APY1
2.50%
Rates as of: September 5, 2023
Term
DIVIDEND RATE
APY1
Term
6 Months
DIVIDEND RATE
1.74%
APY1
1.75%
Term
1 Year
DIVIDEND RATE
1.99%
APY1
2.00%
Term
2 Years
DIVIDEND RATE
2.23%
APY1
2.25%
Term
3 Years
DIVIDEND RATE
2.48%
APY1
2.50%
Term
4 Years
DIVIDEND RATE
2.58%
APY1
2.60%
Term
5 Years
DIVIDEND RATE
2.67%
APY1
2.70%
Rates as of: September 5, 2023
Term
DIVIDEND RATE
APY1
Term
6 Months
DIVIDEND RATE
1.99%
APY1
2.00%
Term
1 Year
DIVIDEND RATE
2.23%
APY1
2.25%
Term
2 Years
DIVIDEND RATE
2.48%
APY1
2.50%
Term
3 Years
DIVIDEND RATE
2.72%
APY1
2.75%
Term
4 Years
DIVIDEND RATE
2.82%
APY1
2.85%
Term
5 Years
DIVIDEND RATE
2.92%
APY1
2.95%
Rates as of: February 1, 2024
Account Balance
Min Balance to Receive Dividends
DIVIDEND RATE
APY1
Account Balance
$100 - $9,999.99
Min Balance to Receive Dividends
$100.00
DIVIDEND RATE
0.50%
APY1
0.50%
Account Balance
$10,000 - $24,999.99
Min Balance to Receive Dividends
$100.00
DIVIDEND RATE
0.50%
APY1
0.50%
Account Balance
$25,000 - $49,999.99
Min Balance to Receive Dividends
$100.00
DIVIDEND RATE
0.55%
APY1
0.55%
Account Balance
$50,000 - $99,999.99
Min Balance to Receive Dividends
$100.00
DIVIDEND RATE
0.60%
APY1
0.60%
Account Balance
$100,000+
Min Balance to Receive Dividends
$100.00
DIVIDEND RATE
0.65%
APY1
0.65%

1APY=Annual Percentage Yield. Account qualifications apply. View our Schedule of Rates and Fees or contact credit union for full details.

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Benefits of an IRA

Saving for retirement is important, and we're here to help. An Individual Retirement Account, or IRA, provides a smart way to save for the future and offers a wealth of benefits, including tax advantages2 that ensure you see as much of your paycheck as possible.

Smiling couple who are saving for retirement with a IRA from CCCU Credit union in Portland Oregon.

Tax Advantages

Depending on the IRA you choose, there could be tax benefits2 that help your money grow even faster!

Easy to Manage

Open an IRA Savings account with as little as $5 and no set-up or maintenance fees, just increased savings over time!

Great Dividends

Earn competitive dividends monthly, at a fixed rate of return.

Flexibility

IRA funds can be invested in accounts with liquidity or in certificates with terms from 6 months to 5 years.

What is an IRA?

An Individual Retirement Account is one of the best ways to save for retirement. You can deposit a certain portion of your earnings into an IRA to receive certain tax advantages. The money then can be invested in stocks, bonds and other assets, which may accrue in value over time. This may help you stretch your money even further in retirement. You can manage your investments as you see fit to stay in control of your finances.

However, once your money goes into an IRA, you may have to pay a penalty if you take it out before you reach a certain age. The terms and conditions vary based on the type of IRA, so make sure you find the right choice for your finances.

Middle aged woman hiking who has peace of mind because she has an IRA with Consolidated Community Credit Union Portland Credit Union.
Couple cooking together who are looking forward to retirement and spending time together because of their IRA with CCCU.

Traditional and Roth IRA: what's the difference?

Traditional and Roth IRAs each offer unique tax advantages to help you save for retirement. What's the difference?

Traditional IRA contributions may be tax deductible. And taxes on dividends are deferred until retirement. Roth IRA contributions are not tax deductible, but earnings accumulate tax-free and remain tax-free upon distribution. Compare below and consult your tax advisor to determine which is right for you. 

Traditional

  • No income limits to open
  • No minimum contribution in any year allowing flexibility
  • Contributions may be tax deductible and taxes on dividends are deferred until retirement.2
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty3
  • Mandatory withdrawals required based on age.

Roth IRA

  • Income limits to be eligible to open Roth IRA
  • Contributions are NOT tax deductible
  • Principal contributions can be withdrawn without penalty2
  • Withdrawals on interest can begin at age 59½
  • Early withdrawals on interest subject to penalty3
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income
CCCU Budgeting eBook

Start building your perfect budget today!

Our Budgeting Tips and Tricks: Quick Solutions to Start Saving Today guide provides everything you need to build your perfect budget and start saving money today.

Ready to get started? Download your guide now:

What our members are saying:

“They care about my dreams of becoming a homeowner. Such a better experience with them compared to the mega banks and even the big credit unions!”

Lauren M.

“I've been a member since it was Jantzen Federal Credit Union. Now I have moved from The Big City but keep my account there. Customer service is excellent. Some of the larger Credit Unions lack the personal connection CCCU has. And I really support the member-owned idea, as opposed to for-profit banks (who seem to always be tweaking the rules and charges to extract money from their customers)."

Markus O.

“I have been a member in some capacity for almost 40 years. I no longer live in OR but have continued to do my banking with CCCU for almost 15 years. I could not be happier with my experience.”

Michael P.

DISCLOSURES

2 Learn about your IRA options with CCCU and compare your choices. CCCU has trained staff available to help you with your IRA needs; however, IRAs are complex and may have tax consequences. You should seek the advice of your tax advisor or accountant for complete tax information. It's always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.

3 Certain exceptions apply, such as health care, purchasing a first home, etc.