Individual Retirement Accounts (IRAs)

Whether your retirement is just around the corner or decades down the road, an Individual Retirement Account (IRA) is a smart way to build a secure financial future. With a variety of options available, Signal gives you the flexibility to choose the IRA that’s right for you.

Call 301-933-9100, ext. 298, or visit any Signal Financial FCU branch to open an account.


Traditional IRA Savings Account

A Traditional IRA allows you to defer taxes on your retirement savings until they are withdrawn beginning at the age of 70½.

  • Contributions may be tax-deductible in the year they are made
  • Contributions can be made as long as you have earned income
  • Minimum of $5 required to open account
 ProductMinimum Amount to OpenMinimum BalanceDividend RateAPY1
IRA Share, IRA Roth Share and IRA SEP Share
$5$50.03%0.03%
  $2,0000.03%0.03%

Note: IRA deposits are insured separately to $250,000 by NCUA. Please see Signal Financial FCU Truth in Savings Disclosure for details.

1 APY = Annual Percentage Yield. The rates quoted above are accurate and effective for the above accounts as of the effective date indicated. Please see the Truth in Savings Disclosure for more information. Rates subject to change.


Roth IRA Savings Account

The Roth IRA features tax-free withdrawals for certain distribution reasons after a five-year holding period. Members who expect to be in a higher tax bracket when they retire may benefit more from a Roth IRA than from a Traditional IRA.

  • Contributions are nondeductible and taxed in the year they are earned
  • Unlike the Traditional IRA, you are NOT required to take distributions at age 70½
  • Minimum of $2,000 required to open account or accumulation feature starting at $5
 ProductMinimum Amount to Open Minimum Balance Dividend Rate APY1
IRA Share, IRA Roth Share and IRA SEP Share
$5$50.03%0.03%
 $2,0000.03%0.03%

Note: IRA deposits are insured separately to $250,000 by NCUA. Please see Signal Financial FCU Truth in Savings Disclosure for details.

1 APY = Annual Percentage Yield. The rates quoted above are accurate and effective for the above accounts as of the effective date indicated. Please see the Truth in Savings Disclosure for more information. Rates subject to change.


IRA Share Certificates2

A great way to earn higher dividends, IRA Share Certificates2 are available in terms of 12 to 72 months, with a minimum amount to open of $500.

IRA and Roth IRA Certificate dividend rates

 TermAmount to OpenDividend RateAPY1
12 Months$5000.20%0.20%
18 Months$5000.20%0.20%
24 Months$5000.25%0.25%
30 Months$5000.25%0.25%
36 Months$5000.30%0.30%
48 Months$5000.30%0.30%
60 Months$5000.35%0.35%
72 Months$5000.40%0.40%

Effective December 1st, 2020

Note: IRA deposits are insured separately to $250,000 by NCUA. Please see Signal Financial FCU Truth in Savings Disclosure for details.

1 APY = Annual Percentage Yield. The rates quoted above are accurate and effective for the above accounts as of the effective date indicated. Certificate rates remain fixed for the term of the certificate. Unless otherwise paid, dividends for certificates of 12 to 72 months are compounded daily and paid monthly. Fees or other conditions could reduce the earnings on the account. A penalty may be imposed for withdrawals before maturity. Please see the Truth in Savings Disclosure for more information. Penalties assessed by the IRS may apply for withdrawals. Consult your tax advisor for details. If you have any questions or need current rate information on your accounts, please call 301-933-9100 x 298. Rates subject to change.

2 IRA Share Certificates subject to Signal Financial FCU penalties upon early withdrawal.


Simplified Employee Pension Plans (SEPs)

A retirement plan designed to benefit business owners — including the self-employed — Simplified Employee Pension (SEP) Plans offer tax benefits and are funded using a Traditional IRA Savings Account, an IRA Certificate, or a Roth IRA Certificate2.

 ProductMinimum Amount to OpenMinimum BalanceDividend RateAPY1
IRA Share, IRA Roth Share and IRA SEP Share
$5$50.03%0.03%
 $2,0000.03%0.03%

IRA and Roth IRA Certificate Dividend Rates—SEP

TermAmount to OpenDividend RateAPY1
12 Months$5000.20%0.20%
18 Months$5000.20%0.20%
24 Months$5000.25%0.25%
30 Months$5000.25%0.25%
36 Months$5000.30%0.30%
48 Months$5000.30%0.30%
60 Months$5000.35%0.35%
72 Months$5000.40%0.40%

Effective December 1st, 2020

Note: IRA deposits are insured separately to $250,000 by NCUA. Please see Signal Financial FCU Truth in Savings Disclosure for details.

1 APY = Annual Percentage Yield. The rates quoted above are accurate and effective for the above accounts as of the effective date indicated. Certificate rates remain fixed for the term of the certificate. Unless otherwise paid, dividends for certificates of 12 to 72 months are compounded daily and paid monthly. Fees or other conditions could reduce the earnings on the account. A penalty may be imposed for withdrawals before maturity. Please see the Truth in Savings Disclosure for more information. Penalties assessed by the IRS may apply for withdrawals. If you have any questions or need current rate information on your accounts, please call 301-933-9100 x 298.

Rates subject to change. 

2 IRA Share Certificates subject to Signal Financial FCU penalties upon early withdrawal.

8-Month Certificate of Deposit Promotion

For a limited time only, we're offering an 8-Month Certificate of Deposit with a 4.20%* APY. New deposits only.

 

The Capitol Hill branch and ATM are temporarily closed.

President's Day

All branches and the call center will be closed on Monday, February 21, 2022 in observance of Presidents’ Day.

Digital Member Support will close at 4 PM on Friday, September 30th. Online banking and ATMs are available 24/7. Our apologies for any inconvenience. 

Closure Notice

Due to inclement weather all Signal Financial branches are closed today. ATMs, mobile and online banking services are fully operational 24 hours a day and 7 days a week.

Digital Member support will close at 12 PM on Saturday, October 1st. Online banking and ATMs are available 24/7. Our apologies for any inconvenience.

Labor Day Closure

All branches and the call center will be closed on Monday, September 5, 2022 in observance of Labor Day.

Independence Day Closure

All branches and the call center will be closed on Monday, July 4, 2022 in observance of Independence Day.

Juneteenth Closure

All branches and the call center will be closed on Monday, June 20 in observance of Juneteenth.

Memorial Day Closure

All branches and the call center will be closed on Monday, May 30, 2022 in observance of Memorial Day.

Presidents’ Day Closure

All branches and the call center will be closed on Monday, February 21, 2022 in observance of Presidents’ Day.

New Years Day Closure

All branches and the call center will be closed on Friday, December 31 and Saturday, January 1 in observance of New Year's Day.

The Capitol Hill, City Center and Leisure World branches will be closed on Thursday, December 30th, 2021. We apologize for any inconvenience. Have a safe Holiday!

Christmas Holiday Closures

All branches and the call center will be closed on Sunday, December 4, 2022 and Sunday, December 4, 2022 in observance of the Christmas holiday.

Thanksgiving Holiday Closures

All branches and the call center will be closed on Thursday, November 24, 2022 and Friday, November 25, 2022 in observance of the Thanksgiving holiday.

Veterans Day Holiday Closure

All branches and the call center will be closed on Friday, November 11, 2022 in observance of the Veterans Day holiday.