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Savings Accounts

IRAs

Investing in an Individual Retirement Account (IRA) is a great way to provide flexibility for your changing financial future. Idaho Central offers Traditional and Roth options to fit your needs. Retirement here we come!

View IRA Options
Retired man driving a golf cart

AN IRA IS BEST IF:

You want to plan early and save for retirement.

Choose the Way You Save

There are two main types of individual retirement accounts (IRAs): Traditional and Roth. The eligibility requirements differ some, but ultimately the decision between a Traditional IRA or a Roth IRA depends on your income and your specific financial needs. Both offer flexibility, accessibility, and valuable tax benefits. Plus, with an annual contribution limit of $7,000 up to the age of 50 or $8,000 for ages 50 or older, you’ll be well on your way saving for a great retirement.

Roth vs. Traditional IRA Calculator
Retirement Shortfall Calculator

Roth vs. Traditional

Roth IRA

A Roth IRA is best if you anticipate being in a higher tax bracket in retirement and want tax-free withdrawals. *

  • Contributions are not tax-deductible*
  • Earnings are tax-free (subject to limitations) *

View our informative Roth IRA brochure

See the Options

Traditional IRA

A Traditional IRA is best if you anticipate being in a lower tax bracket in retirement and want tax-deferred earnings and the possibility for tax-deductible contributions. *

  • Contributions are tax-deductible (subject to limitations) *
  • Earnings are tax-deferred until you withdraw funds

View our informative Traditional IRA brochure

See the Options

*Consult your tax advisor

Roth IRA Options

  • Roth IRA Savings Account

    $300 minimum balance to earn Interest. $25 minimum to open.

  • Roth IRA Money Market Savings

    $2,500 minimum balance. $10 monthly fee if below minimum.

  • Roth IRA 6-Month Promo CD

    $500 initial deposit. 10-day renewal grace period and a 1-time additional deposit in first 60 days.

  • Roth IRA 7-Month Promo CD

    $500 initial deposit. 10-day renewal grace period and a 1-time additional deposit in first 60 days.

  • Roth IRA 12-Month Promo CD

    $500 initial deposit. 10-day renewal grace period and a 1-time additional deposit in first 60 days.

  • Roth IRA 18-Month Promo CD

    $500 initial deposit. 10-day renewal grace period and a 1-time additional deposit in first 60 days.

  • Roth IRA 24-Month Promo CD

    $500 initial deposit. 10-day renewal grace period and a 1-time additional deposit in first 60 days.

  • Roth IRA 60-Month Promo CD

    $500 initial deposit. 10-day renewal grace period and a 1-time additional deposit in first 60 days.

Traditional IRA Options

  • Traditional IRA Savings Account

    $300 minimum balance to earn Interest. $25 minimum to open.

  • Traditional IRA Money Market Savings

    $2,500 minimum balance. $10 monthly fee if below minimum.

  • Traditional IRA 6-Month Promo CD

    $500 initial deposit. 10-day renewal grace period and a 1-time additional deposit in first 60 days.

  • Traditional IRA 7-Month Promo CD

    $500 initial deposit. 10-day renewal grace period and a 1-time additional deposit in first 60 days.

  • Traditional IRA 12-Month Promo CD

    $500 initial deposit. 10-day renewal grace period and a 1-time additional deposit in first 60 days.

  • Traditional IRA 18-Month Promo CD

    $500 initial deposit. 10-day renewal grace period and a 1-time additional deposit in first 60 days.

  • Traditional IRA 24-Month Promo CD

    $500 initial deposit. 10-day renewal grace period and a 1-time additional deposit in first 60 days.

  • Traditional IRA 60-Month Promo CD

    $500 initial deposit. 10-day renewal grace period and a 1-time additional deposit in first 60 days.

ICCU Benefits

Free Mobile Banking

You have all the tools you need to manage your accounts through the ICCU mobile app or on ICCU.com, anywhere, anytime. Check balances, transfer money, pay bills, set up alerts, and so much more.

Free Credit Score & Monitoring

My Credit is a free service powered by SavvyMoney® that helps you stay on top of your credit. Check your credit score, view your credit report, and get up-to-date credit monitoring notifications through ICCU mobile or online banking.

Free VideoChat

Bank face-to-face from anywhere in the world with a live service agent through ICCU’s VideoChat. Not only is it convenient, it’s secure and easy to use for account questions, opening a new account, applying for a loan, and much more!

Make a Deposit

Don’t have time to run to the branch to deposit your check? No problem! Deposit checks on the go using the ICCU App or from the comfort of your home using the Make a Deposit feature in eBranch.

Save for Retirement as a Business Owner With a SEP IRA

With a Simplified Employee Pension (SEP) IRA, earnings accumulate tax-deferred, and contributions may be tax-deductible for the employer* if qualified. SEP IRAs earn a higher interest rate than regular savings.

  • Annual contribution limit may be higher than other IRAs*
  • Contributions can be made by the business owner
  • A self-employed person can make SEP contributions to their own IRA

View our informative SEP IRA brochure

Learn More

*Consult your tax advisor

IRA Savings Accounts

Balance APY* Interest Rate
Balance0-299 APY*0.20% Interest Rate0.20% Terms
Balance300+ APY*0.25% Interest Rate0.25% Terms

IRA Money Market Savings Account

Balance APY* Interest Rate
Balance0-2,499 APY*0.00% Interest Rate0.00% Terms
Balance2,500-24,999 APY*0.40% Interest Rate0.40% Terms
Balance25,000-49,999 APY*0.60% Interest Rate0.60% Terms
Balance50,000-99,999 APY*0.75% Interest Rate0.75% Terms
Balance100,000+ APY*1.00% Interest Rate1.00% Terms

IRA Certificate of Deposit Account

Term APY* Interest Rate Initial Deposit
Term6 Month Promo CD APY*4.50 Interest Rate4.50% Initial Deposit$500 Terms
Term7 Month Promo CD APY*4.65 Interest Rate4.65% Initial Deposit$500 Terms
Term12 Month Promo CD APY*4.35 Interest Rate4.28% Initial Deposit$500 Terms
Term18 Month Promo CD APY*4.15 Interest Rate4.09% Initial Deposit$500 Terms
Term24 Month Promo CD APY*3.85 Interest Rate3.80% Initial Deposit$500 Terms
Term60 Month Promo CD APY*3.65 Interest Rate3.60% Initial Deposit$500 Terms
Term3 Month Standard CD APY*0.30 Interest Rate0.30% Initial Deposit$500 Terms
Term6 Month Standard CD APY*0.45 Interest Rate0.45% Initial Deposit$500 Terms
Term1 Year Standard CD APY*0.70 Interest Rate0.70% Initial Deposit$500 Terms
Term18 Month Standard CD APY*0.80 Interest Rate0.80% Initial Deposit$500 Terms
Term2 Year Standard CD APY*0.90 Interest Rate0.90% Initial Deposit$500 Terms
Term3 Year Standard CD APY*0.95 Interest Rate0.95% Initial Deposit$500 Terms
Term4 Year Standard CD APY*1.00 Interest Rate1.00% Initial Deposit$500 Terms
Term5 Year Standard CD APY*1.10 Interest Rate1.10% Initial Deposit$500 Terms
See all

Become a Member

Idaho Central Credit Union was designed with one idea in mind, helping members achieve financial success. If you live or work in Idaho or Washington, chances are you can become a member of Idaho Central Credit Union.

Find Out How