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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* | Rate | APY |
---|---|---|
$1,000.00 Minimum | ||
6 Month Certificate (IRA Not Available) | 3.00% | 3.042% |
12 Month Certificate | 3.50% | 3.557% |
18 Month Certificate | 2.00% | 2.018% |
24 Month Certificate | 2.00% | 2.018% |
36 Month Certificate | 2.00% | 2.018% |
48 Month Certificate | 2.00% | 2.018% |
60 Month Certificate | 2.00% | 2.018% |
* Dividend Declaration Date is the Last Business Day of the Month. APY = Annual Percentage Yield |