IRAs - Signal Financial

IRA Accounts

Retirement options to help secure your financial future

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icon-banking-irasIndividual 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A Traditional IRA allows you to defer taxes on your retirement savings until they are withdrawn beginning at the age of 70½.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 $2,000 required to open account or accumulation feature starting at $5

 Term

Minimum Balance Dividend Rate APY1

IRA Accumulation

$5 – $1,999

0.35%

0.35%

IRA Share

$2,000+

0.50%

0.50%

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 182 days or less are compounded daily and paid at maturity. Dividends of Certificates and IRA certificates of 12 to 72 months are compounded daily and paid quarterly. 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. If you have any questions or need current rate information on your accounts, please call 301-933-9100 x 298. 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

 Term

 Minimum Balance  Dividend Rate  APY1

IRA Accumulation

$5 – $1,999

0.35%

0.35%

IRA Share

$2,000+

0.50%

0.50%

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 182 days or less are compounded daily and paid at maturity. Dividends of Certificates and IRA certificates of 12 to 72 months are compounded daily and paid quarterly. 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. If you have any questions or need current rate information on your accounts, please call 301-933-9100 x 298. 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 deposit of $2,000. 

IRA and Roth IRA Certificate dividend rates

Effective July 24, 2018

 Term

Minimum Balance

Dividend Rate

APY1

12 Months

$2,000

1.750%

1.764%

18 Months

$2,000

1.850%

1.866%

24 Months

$2,000

1.950%

1.968%

30 Months

$2,000

2.000%

2.018%

36 Months

$2,000

2.050%

2.069%

48 Months

$2,000

2.300%

2.324%

60 Months

$2,000

2.600%

2.631%

72 Months

$2,000

1.75%

1.76% 

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 182 days or less are compounded daily and paid at maturity. Dividends of Certificates and IRA certificates of 12 to 72 months are compounded daily and paid quarterly. 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. 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 Plans (SEPs) offer tax benefits and are funded using a Traditional IRA Savings Account, an IRA Certificate, or a Roth IRA Certificate2.

 Term

Minimum Balance

Dividend Rate

APY1

IRA Accumulation

$5 – $1,999

0.35%

0.35%

IRA Share

$2,000+

0.50%

0.50%

IRA and Roth IRA Certificate Dividend Rates

Effective July 24, 2018

Term

Minimum Balance

Dividend Rate

APY1

12 Months

$2,000

1.750%

1.764%

18 Months

$2,000

1.850%

1.866%

24 Months

$2,000

1.950%

1.968%

30 Months

$2,000

2.000%

2.018%

36 Months

$2,000

2.050%

2.069%

48 Months

$2,000

2.300%

2.324%

60 Months

$2,000

2.600%

2.631%

72 Months

$2,000

1.80%

1.81%

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 182 days or less are compounded daily and paid at maturity. Dividends of Certificates and IRA certificates of 12 to 72 months are compounded daily and paid quarterly. 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. 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.