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)
.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’sDaySaturdayJanuary 1st 2022
Martin Luther King Jr Day MondayJanuary 17th 2022
Washington's Birthday
(Presidents Day)
MondayFebruary 21st 2022
Memorial DayMondayMay 30th 2022
Juneteenth National Independence DayMondayJune 20th 2022
Independence DayMondayJuly 4th 2022
Labor DayMondaySeptember 5th 2022
Columbus DayMondayOctober 10th 2022
Veterans DayFridayNovember 11th 2022
Thanksgiving DayThursdayNovember 24th 2022
Christmas DayMondayDecember 26th 2022