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  • Individual Retirement Accounts (IRAs)

    Lower your tax burden and save for retirement by investing in an Individual Retirement Account (IRA).

    IRA Contribution Limits
    Contribution Type1 2015 2016
    Annual Contribution $5,500 $5,500
    Catch-Up Contribution (Over 50) $1,000 $1,000

    Savings IRA

    With a Tech CU Savings IRA2 you can deposit up to the annual contribution limit and earn higher dividends than with a regular savings account. Available in both Traditional and Roth.3

    • 0.05% dividend rate (0.05% Annual Percentage Yield)
    • $25 initial deposit
    • $25 minimum balance requirement
    • No annual maintenance fees
    • Dividends calculated daily and paid quarterly

    IRA Certificates

    Tech CU offers two kinds of IRA certificates — regular and jumbo — depending on how much you want to invest. Both are available in Traditional and Roth. 

    Visit Retirement Central for:

    • Additional Information on IRA products & services.
    • Articles on retirement planning and life changes.
    • Online help with completing forms for new and existing IRAs.
    • Retirement planning tools and calculators.



    Source: Based on Internal Revenue Service Data, October 2012

    1 Contribution amounts may be split between Traditional and Roth IRAs but cannot exceed the maximum annual contribution limit. All contributions must be made in cash.

    2 Prospective rate, subject to change. Fees may reduce earnings.

    3 Non-deductible contributions can be made to a Traditional IRA.