IRAs and Term Certificates

Invest in your future—take your savings up a notch or two.

Statewide IRA and Term Certificates

When it comes to saving for retirement, the most important thing is to start saving. We want to make it simple for you, so we offer a range of products that offer higher returns and the flexibility you need to ramp up your savings.

Share Certificates, also known as CDs, are perfect for saving money you don’t need immediate access to. Do you have a large balance in your savings account that you won’t need to touch for a while? The longer the term on the CD, the higher the dividends you can earn.

  • $1,000 Minimum opening deposit
  • Fixed rates for the term of the certificate.
  • Terms vary from 6 to 60 months.
  • Dividends can be compounded to the certificate or deposited to a share account.
  • There is a penalty for early withdrawals.

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By investing in our IRA CDs, you get flexibility with varying terms plus potential tax benefits as you save for retirement.

IRA CD

  • $1,000 Minimum opening deposit.
  • Flexible terms vary from 6 to 36 months.

Roth IRA CD

  • $1,000 Minimum opening deposit.
  • Flexible terms from 6 to 60 months.
  • 10% federal penalty for withdrawals made before age 59 ½.
  • 5 years must elapse from the tax year of your first roth contribution before the earnings can be tax free

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Statewide’s IRA Share Account offers compounded interest at a competitive rate, plus potential upfront tax benefits. This makes for a safe and secure option for retirement savings.*

  • $0 Minimum opening deposit
  • No fees
  • Contributions may be tax-deductible
  • Dividends are compounded and paid monthly.
  • There is a penalty for making a withdrawal before the age of 59.5 years.
  • Required minimum distributions must be taken after the age of 70.5 years.

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With a Roth IRA, contributions are not tax-deductible, but they can be withdrawn tax-free, including earnings.*

  • $0 Minimum opening deposit
  • $5 Minimum balance
  • Contributions are never tax-deductible and cannot exceed earnings.
  • Deposits are limited by IRS annual limits. Members may be eligible to contribute up to $5,500 per year, or members age 50 and over may contribute up to $6,500 per year. (2017 contribution limits).
  • No set-up fee and no annual fee.
  • Withdrawals are 100% tax-free
  • Withdrawals can begin at age 59 ½ and are 100% tax-free
  • Variable interest rate, with a tiered rate earned on higher balances.
  • Dividends compounded daily and credited monthly.

View Rates »

Ready to start saving for your future? We’d love to help you.

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Disclosures

*Members are recommended to consult with a tax preparer or advisor regarding IRA eligibility.


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