Individual Retirement Account (IRA)

The information in the rates tables below may not fully be viewable on certain smaller resolution devices. Please rotate your device to landscape orientation if you are unable to view the entire table of information or please use a desktop computer.

Individual Retirement Account (IRA)

IRA’s are a great way to save for retirement.

The Enfield Community Federal Credit Union offers 2 types of IRA Accounts:

  • Traditional IRA
  • Roth IRA

To help you with your retirement dollars, we offer a variety of IRA plans.

  • A regular IRA accumulator account allows you to make contributions throughout the year.
  • An IRA Certificate is a Share Term Certificate with a fixed rate and fixed term.
  • $1,000 minimum deposit
  • Terms from 1 year to 5 years
  • No Annual Fees or Administrative Fees
  • Special eligibility rules related to earned income, total income and tax deductibility of contributions vary depending on the individual.

 

Share Certificates & IRA Certificates*RateAPY
$1,000.00 Minimum
6 Month Certificate
(IRA Not Available)
.10%.100%
12 Month Certificate.15%.150%
18 Month Certificate.25%.250%
24 Month Certificate.30%.300%
36 Month Certificate.40%.401%
48 Month Certificate.45%.451%
60 Month Certificate.50%.501%
* Dividend Declaration Date is the Last Business Day of the Month.
APY = Annual Percentage Yield

Open an IRA Account

Planning for Your Retirement

HolidayDayDate
New Year’s Day ObservedMondayJanuary 2nd 2023
Martin Luther King Jr Day MondayJanuary 16th 2023
Washington's Birthday
(Presidents Day)
MondayFebruary 20th 2023
Memorial DayMondayMay 29th 2023
Juneteenth National Independence DayMondayJune 19th 2023
Independence DayTuesdayJuly 4th 2023
Labor DayMondaySeptember 4th 2023
Columbus DayMondayOctober 9th 2023
Veterans DaySaturdayNovember 11th 2023
Thanksgiving DayThursdayNovember 23rd 2023
Christmas DayMondayDecember 25th 2023
New Year’s DayMondayJanuary 1th 2024