Retirement Savings

Golfing, gardening, giving back. How do you want to spend your retirement?

Rates current as of December 1, 2022

Save today - enjoy tomorrow:)

It’s your retirement and it’s your choice how to prepare. First Credit Union offers both Traditional and Roth individual retirement account options. Read on to learn about some of the unique tax advantages of each. 

Do you earn compensation or file a joint tax return with a spouse who earns compensation? You are eligible to contribute to a Traditional IRA! As of the 2020 tax year, you may make a contribution at any age. Or have you received a distribution from a qualified retirement plan and want to move the proceeds into a retirement savings account? A Traditional IRA might be right for you. Benefits include:

Roth IRA

Do you have earned income and your modified adjusted gross income is less than the defined limits set by Congress? A Roth IRA might be right for you. Benefits include:

Not sure?

Here are a couple of general rules-of-thumb:

As always, consult with your tax advisor for complete details. This information is general and not intended to be tax advice. Please consult a tax professional.

Learn more

We're here to help:)

Let us help you determine which account is right for you. Visit any First Credit Union branch – find a location near you – or give us a call at 480.756.5500 or toll-free outside the Phoenix area area at 1.800.732.6986.

Current Rates

Accumulation Accounts for IRA, HSA, and CESA

TermAPY*Min. Amount
7 Month CD Special3.05%
3.05%
3.05%
3.05%
$500
$1,000
$25,000
$50,000
1 year1.50%
1.55%
1.60%
$1,000
$25,000
$50,000
17 Month CD Special3.50%
3.50%
3.50%
3.50%
$500
$1,000
$25,000
$50,000
2 years1.60%
1.65%
1.70%
$1,000
$25,000
$50,000
3 years1.65%
1.70%
1.75%
$1,000
$25,000
$50,000
5 years 1.85%
1.90%
1.95%
$1,000
$25,000
$50,000
Accumulation Accounts1.11%$50,000

*APY = Annual Percentage Yield. Dividends are prospective. In case of early withdrawal or fees, earnings could be reduced. The rate, APY, and fee schedule may change at any time without notice. Other investments are also available. Call (480) 756-5500 for more information.

*Lifetime limit for exemption on first time home purchase is $10,000.