Plan Ahead for Retirement
Whether it’s years away or just around the corner, we are here to help you reach your retirement destination with several IRA Share Certificate options. Choose from a Traditional IRA to grow your retirement savings tax deferred or a Roth IRA to save for retirement with post-tax money.* We have great options to suit your needs today and tomorrow.
Included With All IRA Share Certificates
Earn Dividends to Help Meet Your Savings Goals
Online IRA Central Resource
Tax-Advantaged Options*
IRA Share Savings
Work toward your retirement steadily over time with our flexible IRA Share Savings.
- $25 opens the account
- No term deposit requirements
IRA Share Certificate
Choose either a Traditional or Roth IRA to earn the dividends you deserve. Rest easy knowing your money is federally insured up to $250,000, including an additional $250,000 in coverage with Excess Share Insurance — all at no cost to you. Need to transfer funds from another account? We can help you do that.
- $1,000 minimum deposit
- Choose between terms from 12 to 60 months
Coverdell Education Savings Account (ESA)
Saving early for your child’s education expenses is easy with a Coverdell Education Savings Account (ESA). An ESA can be established for a child up to age 18, the sooner you start saving for your child’s education, the more time your money has to grow. The ESA allows anyone to make contributions towards the child’s education
- Total contributions are limited to $2,000 a year per child, including accounts opened for that child by other family members, such as grandparents or other family members
- Funds in the ESA account grow tax-deferred and are tax-free when withdrawn for educational expenses, including college education expenses
- All funds must be withdrawn by age 30 or can be transferred to another eligible child in the family
Transportation Federal Credit Union has constantly provided me with outstanding financial services, and more importantly, great customer service support.
*This content is intended to provide general information and shouldn’t be considered legal, tax or financial advice. It’s always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.