Individual Retirement Accounts (IRA)
IRA Savings
With Tech CU IRA Savings Accounts you can deposit up to the annual contribution limit and earn high dividends.
- 0.200% dividend rate (0.20% Annual Percentage Yield)
- $25 initial deposit
- $0.01 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 options are available in Traditional and Roth.
Featured Rate
5.00%APY*
*APY = Annual Percentage Yield. Dividend rates and Annual Percentage Yield (APY), effective 6/1/2023, are subject to change at any time. Featured rate is for 17 months certificate term. Early withdrawal penalty may apply.
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.
IRA Certificates and IRA Jumbo Certificates
| Term |
Certificates
Dividend Rate
($1,000 or more)
|
Certificates
Annual Percentage Yield*
($1,000 or more) |
Effective Date
($1,000 or more) |
Jumbo Certificates
Dividend Rate
($95,000 or more) |
Jumbo Certificates
Annual Percentage Yield*
($95,000 or more) |
Effective Date
($95,000 or more) |
| 14 - 29 days |
N/A |
N/A |
N/A |
0.300% |
0.30% |
8/24/2022 |
| 1 month |
N/A |
N/A |
N/A |
0.35% |
0.35% |
8/24/2022 |
| 2 months |
N/A |
N/A |
N/A |
0.449% |
0.45% |
8/24/2022 |
| 3 - 5 months |
2.231% |
2.25% |
4/1/2023 |
2.231% |
2.25% |
4/1/2023 |
| 6 - 8 months |
2.485% |
2.50% |
4/1/2023 |
2.485% |
2.50% |
4/1/2023 |
| 9 - 11 months |
2.741% |
2.75% |
4/1/2023 |
2.741% |
2.75% |
4/1/2023 |
| 10 months |
4.483% |
4.50% |
4/1/2023 |
4.483% |
4.50% |
4/1/2023 |
| 12 - 17 months |
3.455% |
3.50% |
4/1/2023 |
3.455% |
3.50% |
4/1/2023 |
| 15 months** |
4.571% |
4.65% |
2/1/2023 |
N/A |
N/A |
N/A |
| 17 months |
4.909% |
5.00% |
6/1/2023 |
4.909% |
5.00% |
6/1/2023 |
| 18 - 23 months |
3.455% |
3.50% |
4/1/2023 |
3.455% |
3.50% |
4/1/2023 |
| 24 - 35 months |
3.455% |
3.50% |
4/1/2023 |
3.455% |
3.50% |
4/1/2023 |
| 36 - 47 months |
3.455% |
3.50% |
4/1/2023 |
3.455% |
3.50% |
4/1/2023 |
| 48 - 59 months |
3.455% |
3.50% |
4/1/2023 |
3.455% |
3.50% |
4/1/2023 |
| 60 months |
3.601% |
3.65% |
11/1/2022 |
3.601% |
3.65% |
11/1/2022 |
Certificates renew automatically at maturity into the same term at the currently offered rate unless you request otherwise. Dividends calculated daily and paid at maturity on certificates less than one year. Dividends calculated daily and paid quarterly on certificates with terms of one year or more. If your certificate is not funded within 30 days from the date it is opened, it will be closed automatically. For all certificates, if you withdraw any portion of your principal before maturity, you may be charged early withdrawal penalties.
**Annual Percentage Yield is accurate as of 6/1/2023 and may change at any time. APY is available to Tech CU members who deposit and maintain a minimum of $1000 of "new to Tech CU" money into a new Certificate account, meaning the total deposit must come from a source external to Tech CU. No maximum deposit applies. Penalties will be imposed for early withdrawals. See Tech CU's Truth in Savings Account Disclosure for more details.
- Calculate what it takes to work towards a secure retirement.
- Calculate any projected shortfall or surplus at retirement.
IRA Contribution Limits
| Contribution Type1 |
2022 |
2023 |
| Annual Contribution |
$6,000 |
$6,500 |
| Catch-Up |
$1,000 |
$1,000 |
For more information about our Individual Retirement Accounts, or to open an account stop by one of our branches or call us at (800) 553-0880 or (408) 451-9111.