Individual retirement accounts

Individual retirement accounts (IRAs) are a great fit with your retirement plan. Save money, with possible tax breaks, and keep more money for yourself.*

Roll over your retirement accounts to an STCU IRA certificate and earn up to 2.02% APY!1

Your IRA is invested in a federally insured STCU account, so your money will always be there when you need it. Choose from three great options  Traditional or Roth IRA, or a Simplified Employee Pension:

Traditional IRA Roth IRA
  • Contributions may be tax deductible.*
  • Earnings grow tax-deferred until withdrawn.
  • Contribute up to $5,500 in earned income annually; up to $6,500 if 50 or older.
  • Withdraw without penalty for purchase of first home, college tuition, disability, or medical expenses.
  • Federally insured accounts up to $250,000.
  • Contributions are not tax deductible, but earnings grow tax-deferred.*
  • Withdraw contributions anytime without penalty.
  • Contribute up to $5,500 in earned income annually; up to $6,500 if 50 or older.  
  • Withdraw earnings without penalty after five years if you are 59½ or older, or at any age if the withdrawal is used to purchase your first home or to pay for college, a medical expense, or disability.
  • Federally insured accounts up to $250,000.

Simplified Employee Pension: If you are self-employed or a business owner wanting to provide retirement plans for your employees, ask us about opening a Simplified Employee Pension (SEP) IRA.

Investing your IRA

Choose how your money is invested at STCU, where your savings is federally insured so your money is there when you need it:

IRA certificates IRA savings
  • Open with $500 or more.
  • Terms from 6- to 60- months. Check rates
  • Rate goes up when account balance reaches higher tiers.
  • No minimum to open account.
  • Earn competitive dividends. Check rates
  • Flexibility to move funds.
  • Rate goes up when account balance exceeds $6,000.

Consult this chart to choose the right IRA 

Open your IRA today!

Traditional pension funds are disappearing and Social Security payments may be too little to live on at retirement. The earlier you open your IRA, the more you'll be able to save and grow your account.

  • Visit any STCU branch location.
  • Or call us at (509) 326-1954 in Washington, (208) 619-4000 in Idaho, or toll free at (800) 858-3750.

Move your IRA

Want to consolidate your accounts under one roof? Need a safe place to transfer your qualified plan from a former employer? Contact an STCU member service representative at the numbers listed for help moving your IRA to STCU.

*Consult your tax adviser.
1APY=annual percentage yield. Rate accurate as of the last dividend declaration date and applies to a 60-month IRA certificate, with $2,000 minimum opening deposit. STCU membership required to open account. Fees may reduce earnings. Penalty for early withdrawal. Rate subject to change. All rates, terms, and disclosures

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