We Florida Financial | South FL Credit Union

TRADITIONAL IRA

Choose the Traditional IRA if you want the tax deduction right now. Many people can deduct contributions to Traditional IRAs on their tax returns. Traditional IRA’s also make sense if you anticipate paying taxes at a significantly lower rate in retirement. All earnings may be tax deferred.

Benefits

Tax Deferred Growth

Traditional IRA contributions are made with pre-tax dollars.

Anyone Can Contribute

Anyone with earned income can continue to contribute to an IRA.

Flexible Investment Options

Can be deposited in different types of investment products.

IRA Certificates

With our no minimum IRA Savings, it's easy to open and add to your account whenever you choose. You can also choose the convenience of automated savings through payroll deduction. Or you can invest in an IRA Certificate of Deposit to lock in a greater rate of return, with a minimum of only $100.

Account

Min. to Open

Min. Balance ^‡

Dividend Rate

APY ¹

IRA Savings

$0.01

0.50%.

0.50%

Roth IRA Savings

$0.01

0.50%

Jumbo IRA Certificate Accounts

Term

Min. to Open

Min. Balance ^‡

Interest Rate

APY ¹

12 Month CD

$10,000

2.72%

2.75%

13 Month CD

$10,000

2.47%

2.50%

Additional funds can be added to your Certificate Account at a minimum of $50 per increase for CDs. Rates and yields are subject to change without notice. Some accounts require a specific minimum balance to earn the stated APY. A penalty may be imposed for early withdrawal. Fees could reduce earnings on the account. No broker or institutional deposits will be accepted.

IRA Certificate Accounts

Term

Min. to Open

Min. Balance ^‡

Interest Rate

APY ¹

12 Month CD

$100

2.72%

2.75%

13 Month CD

$100

2.47%

2.50%

30 Month CD

$100

1.53%

1.54%

60 Month CD

$100

1.02%

What are CDs and IRAs?

Are you thinking about investing but aren’t sure where to begin? CDs and IRAs are a good, low-risk place to start investing in your future.

Learn More

We Make Switching Easy

Our automated account switching solution makes it easy for you to quickly and securely switch over your recurring direct deposits and automatic account payments.