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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) | .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 |
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