Remember to activate and start using your new CapEd Mastercard Debit card. All Visa debit cards are now closed. Learn more about new Mastercard Debit and Credit cards.
Remember to activate and start using your new CapEd Mastercard Debit card. All Visa debit cards are now closed. Learn more about new Mastercard Debit and Credit cards.
Traditional & Roth IRA
At CapEd, we want to ensure you are in a comfortable place when getting ready to retire. An Individual Retirement Account (IRA) may be a great option for you as you're thinking about how to save for retirement. When it comes to your retirement, we offer Traditional IRAs, Roth IRAs, 59½ Share Savings IRAs, and IRA Certificates to help you save.
Visit a CapEd location and start your retirement savings.
What is a Traditional IRA?
A Traditional IRA is a retirement account with tax-deferred earnings and the possibility of tax-deductible contributions. The possible tax advantages of a Traditional IRA make it a great option for a long-term retirement savings plan. Talk to your tax advisor to find out if a Traditional IRA is right for you.
What is a Roth IRA?
A Roth IRA is a retirement account where you may be able to contribute post-tax income. If you qualify, Roth IRA withdrawals and dividends may be tax free. Talk to your tax advisor to find out if you qualify for a Roth IRA.
Traditional IRA Benefits & Features
- No monthly service charges
- Flexible investment options
- Earns dividends that are compounded and credited quarterly
- Easy Accessibility – No investment broker needed, especially in an emergency
- Tax deductible contributions1
Roth IRA Benefits & Features
- No monthly service charges
- Flexible investment options
- Earns dividends that are compounded and credited quarterly
- Easy Accessibility – No investment broker needed, especially in an emergency
- No requirement to take out distributions after you reach a certain age
IRA Saving Options
CapEd offers multiple IRA options to best suit your personal financial needs. Regardless of the type of IRA you choose, all IRA options are a great choice when saving for your retirement.
IRA Rates
| Account Type | Dividend Rate | APY2 |
|---|---|---|
| Roth IRA | 0.50% | 0.50% |
| Traditional IRA | 0.50% | 0.50% |
| IRA 59½ Share Savings | 0.75% | 0.75% |
Traditional & Roth IRAs
Minimum Balance to Open traditional and roth IRA.
$0.00
Monthly Service Fee for traditional and roth IRA.
$0.00
Minimum Age to Open traditional and roth IRA.
18 Years Old
59½ Share Savings IRA
Minimum Balance to Open 59½ Share Savings IRA.
$0.00
Monthly Service Fee for 59½ Share Savings IRA.
$0.00
Minimum Age to Open 59½ Share Savings IRA.
59½ Years Old
IRA Certificates
Earn a higher dividend rate over time than a standard Roth IRA Savings account. We offer both Traditional IRA and Roth IRA Certificates. Rates current as of April 1, 2024.
Promotional Certificates
Minimum Deposit for promotional certificates.
$500.00
Highest Dividend Available for promotional certificates.
4.70% APY3
Shortest Term Available for promotional certificates.
6 Months
Longest Term Available for promotional certificates.
5 Years
| Term | Minimum Deposit | Dividend Rate | APY2 |
|---|---|---|---|
| 6 Months | $500.00 | 4.62% | 4.70% |
| 12 Months | $500.00 | 4.62% | 4.70% |
| 18 Months | $500.00 | 4.43% | 4.50% |
| 24 Months | $500.00 | 4.18% | 4.25% |
| 36 Months | $500.00 | 2.97% | 3.00% |
| 48 Months | $500.00 | 3.21% | 3.25% |
| 60 Months | $500.00 | 3.70% | 3.75% |
Important Information: All promotional certificates must be opened with funds that are not currently held in a CapEd Credit Union account or that have been deposited to a CapEd Credit Union account less than 30 days.
Standard Certificates
Minimum Deposit for standard certificates.
$500.00
Highest Dividend Available for standard certificates.
0.95% APY3
Shortest Term Available for standard certificates.
6 Months
Longest Term Available for standard certificates.
5 Years
| Term | Minimum Deposit | Dividend Rate | APY2 |
|---|---|---|---|
| 6 Months | $500.00 | 0.15% | 0.15% |
| $10,000.00 | 0.25% | 0.25% | |
| $50,000.00 | 0.30% | 0.30% | |
| 12 Months | $500.00 | 0.25% | 0.25% |
| $10,000.00 | 0.35% | 0.35% | |
| $50,000.00 | 0.40% | 0.40% | |
| 18 Months | $500.00 | 0.30% | 0.30% |
| $10,000.00 | 0.40% | 0.40% | |
| $50,000.00 | 0.45% | 0.45% | |
| 24 Months | $500.00 | 0.40% | 0.40% |
| $10,000.00 | 0.50% | 0.50% | |
| $50,000.00 | 0.55% | 0.55% | |
| 36 Months | $500.00 | 0.50% | 0.50% |
| $10,000.00 | 0.60% | 0.60% | |
| $50,000.00 | 0.65% | 0.65% | |
| 48 Months | $500.00 | 0.60% | 0.60% |
| $10,000.00 | 0.70% | 0.70% | |
| $50,000.00 | 0.75% | 0.75% | |
| 60 Months | $500.00 | 0.80% | 0.80% |
| $10,000.00 | 0.90% | 0.90% | |
| $50,000.00 | 0.95% | 0.95% |
Request an IRA
Visit us at a location convenient for you to inquire about opening a Roth IRA.
LocationsSimplified Employee Pension (SEP)
CapEd offers SEP retirement plans, which is ideal for self-employed individuals and small businesses.
Learn MoreResources
Tools to help you with your retirement savings goals.
Do you know how much it takes to create a secure retirement? Find out by using this calculator and determine what size your retirement nest egg should be.
An IRA Can Help You Save More for Retirement
Learn about the differences between a Traditional IRA and a Roth IRA with this printable PDF.
Prepare For Your Future With a Roth IRA
Learn how a Roth IRA can help you save for retirement and potentially have a tax-free income in the future.
Prepare For Your Future With a Traditional IRA
Learn how a Traditional IRA allows you to save for your retirement with this PDF.
Is It Time to Cash In on Your Retirement Savings?
Be sure you understand the rules and possible tax consequences of taking IRA and retirement plan distributions with this PDF.
Move Your Retirement Savings Without Losing Tax Benefits
View this PDF to understand the rules when moving money between your IRAs and retirement plans.
Find The Right Retirement Plan For Your Business
Of the many retirement plan options available, discover which one works best for you with this PDF.
Understand Your Beneficiary Distribution Options
As an IRA beneficiary, you have some choices. Review them with this PDF.
Questions?
Disclosures
1 Consult a tax professional for guidance and tax advice.
2 APY is Annual Percentage Yield. Rates are accurate as of the last dividend declaration date and may change after the account is opened. Fees or other conditions could reduce the earnings on the account.
3 APY is Annual Percentage Yield. Rates are accurate as of the effective date indicated. Fees or other conditions could reduce the earnings on the account. A penalty may be imposed for withdrawals before maturity. Promotional rates offered for a limited time.
