Individual Retirement Account (IRA)

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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)
3.00%3.042%
12 Month Certificate3.50%3.557%
18 Month Certificate2.00%2.018%
24 Month Certificate2.00%2.018%
36 Month Certificate2.00%2.018%
48 Month Certificate2.00%2.018%
60 Month Certificate2.00%2.018%
* 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 DayWednesdayJanuary 1st 2025
Martin Luther King Jr Day MondayJanuary 20th 2025
Washington's Birthday
(Presidents Day)
MondayFebruary 17th 2025
Memorial DayMondayMay 26th 2025
Juneteenth National Independence DayThursdayJune 19th 2025
Independence DayFriday & SaturdayJuly 4 & July 5th 2025
Labor DayMondaySeptember 1st 2025
Columbus DayMondayOctober 13th 2025
Veterans DayTuesdayNovember 11th 2025
Thanksgiving DayThursdayNovember 27th 2025
Christmas Eve
(Early Closing 1PM)
WednesdayDecember 24th 2025
Christmas Day
(Closed)
ThursdayDecember 25th 2025
New Year’s Eve
(Early Closing 1PM)
WednesdayDecember 31st 2025
New Year’s Day
(Closed)
ThursdayJanuary 1st 2026