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Individual Retirement Accounts or IRAs are separate savings which terms are governed by the IRS. Dividends are paid monthly and carry a rate higher than regular shares.

Savings That Prepare For Your Future

An Individual Retirement Account (IRA)* is a tax-deferred savings account that can help you prepare for your retirement while enjoying the tax benefits now. FVCU’s IRA's have no monthly fees and dividends are paid monthly. Contributions may be made in single payments or by regular deposits throughout the year to the IRA account(s). The following IRA accounts are available:

Traditional IRA

Provides tax-deferred earnings and the opportunity to deduct qualifying contributions from your taxes *

Coverdell Education IRA

Tax-free, penalty-free withdrawals when the funds are withdrawn and applied to qualifying primary or secondary education, or college expenses. *

Roth IRA

Contributions are made after taxes, and therefore can be withdrawn at any time. Interest earned on the account is tax-free and can be withdrawn after a five-year holding period or when other qualifying events occur *

IRA Share Certificates**

Earn higher dividends with an IRA Share Certificate. IRA Share Certificates are available with a minimum deposit of $500. Higher yields are available for larger deposits and longer terms.

* Please consult your tax advisor for further information. FVCU does not provide tax advice.
** IRA Share Certificates subject to FVCU penalties upon early withdrawal. These penalties may reduce the principle balance of the Certificate. See FVCU Truth in Savings Disclosures for more information.