Woman With Dog

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.

Green

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 10/12/2024

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

4.50%

Term

1-year

Minimum Balance to Earn APY

$500

APY

4.25%

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%

Contact us to open an IRA

Get in touch
Email or call us
Stop by a branch
Find our nearest location