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IRAs – Traditional & Roth IRA

Super-size your future savings.

There’s more than one way to prepare for retirement

Individual Retirement Accounts (IRAs) can give you greater financial stability. With tax-advantage options for every life stage, they help pave the way to a comfortable retirement.

Benefits

Our Traditional and Roth IRAs are popular amongst many of our members. Here’s why they choose EastRise:

No Fees

Tax advantages

Enjoy tax-deferred growth1 or tax-free withdrawals, helping you maximize your retirement savings.

Cash In a Hand(give)

Flexible contributions

Contribute at your own pace and adjust your savings plan as your financial situation changes, making it easier to meet your goals.

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Secure your future

Our IRAs offer a range of investment options, allowing you to build a diverse portfolio that aligns with your long-term financial strategy.

Your options at a glance

  • Ideal if…

    Ideal if…

  • Tax advantages

    Tax advantages

  • Distributions

    Distributions

  • Rollovers

    Rollovers

  • Contribution limits

    Contribution limits

Traditional IRA

  • Ideal if…

    You want to make contributions that may be tax-deductible and dividends that are tax-deferred

  • Tax advantages

    Contributions you make to Traditional IRAs offered by EastRise may be tax deductible. Taxes on earnings may be deferred until retirement.

  • Distributions

    Distributions are required when you reach retirement age

  • Rollovers

    You can roll an employee-sponsored retirement plan into your IRA

  • Contribution limits

    Contribution limits are updated annually

Roth IRA

  • Ideal if…

    You are younger and expect to be in a higher tax bracket when you retire

  • Tax advantages

    Contributions are not tax-deductible but could be eligible for tax credit under certain circumstances

  • Distributions

    Early qualified distributions from your EastRise Roth IRA are allowed

    Minimum distributions are not required when you reach retirement age

  • Rollovers

    You can roll an employee-sponsored retirement plan into your IRA

  • Contribution limits

    Contribution limits are updated annually.

Current rates

Individual Retirement Account (IRA) Certificates

Term

Minimum Balance to Earn APY

APY

Rates effective 12/11/2024

APY = annual percentage yield and reflects the current minimum APY offered. Rates are subject to change after account opening. Fees could reduce earnings. Early withdrawal penalties may apply to Certificates.

*The 7-month certificate will be offered for a limited time and will renew to the 1-year term at maturity.

The IRA Savings account requires a minimum balance of $5 to open the account.

Term

IRA Savings

Minimum Balance to Earn APY

None

APY

.20%

Term

6-month

Minimum Balance to Earn APY

$500

APY

3.00%

Term

7-month Special*

Minimum Balance to Earn APY

$500

APY

4.10%

Term

1-year

Minimum Balance to Earn APY

$500

APY

3.50%

Term

2-year

Minimum Balance to Earn APY

$500

APY

3.50%

Term

3-year

Minimum Balance to Earn APY

$500

APY

3.50%

Term

4-year

Minimum Balance to Earn APY

$500

APY

3.50%

Term

5-year

Minimum Balance to Earn APY

$500

APY

3.50%

Variable Rate IRA Certificates

Type

Minimum to Earn APY

Balance Tier

APY

Rates effective 12/11/2024

APY = annual percentage yield. Early withdrawal penalties may apply. Fees could reduce earnings.

Type

18-month

Minimum to Earn APY

$5.00

Balance Tier

$5.00 – $24,999.99

APY

4.07%

Type

18-month

Minimum to Earn APY

$25,000

Balance Tier

$25,000 and over

APY

4.23%

Contact us to open an IRA

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