IRAs

Retire with Peace of Mind

IRAs provide you with an easy way to save for your retirement years. You can make deposits any time, for any amount up to the government limits. With the ROTH IRA, there are higher income thresholds and some great long term tax advantages compared to a traditional IRA, which may still be the correct choice, depending on your tax situation.

*Annual Percentage Yield
Rates as of 08/2016

Certificates of Deposit

Earn Higher Yields With Share Certificates

Share Certificates are designed for members who want to invest larger sums of money in return for higher dividends. They are a great way to save for a down payment, special vacation, college or other major purchase.

*Annual Percentage Yield
Rates as of 08/2016
Rates subject to change without notice

WRCU_traditionalIRA

Traditional IRA

WRCU_RothIRA

Roth IRA

WRCU_EducationalIRA

Educational IRA

WRCU_6monthcert

6 Month Certificates

WRCU_12monthcert

12 Month Certificates

WRCU_24monthcert

24 Month Certificates

Key Benefits & Requirements

Contributions are tax deductible. You can withdraw your money for the following reasons:

  • You are older than 59
  • You become disabled
  • You pass away and the money is paid to your beneficiary
  • Qualified medical expenses
  • Post-secondary education expenses
  • You use the money for a first time home purchase ($10,000 lifetime withdrawal limit)
  • You are required to take withdrawals at age 70 1/2 and older

traditionalIRA

classic_ribbon

Key Benefits & Requirements

Contributions are not tax deductible. You pay no taxes when you withdraw the money for the following reasons: (after the money has been in the account for at least five years)

  • You are older than 59
  • You become disabled
  • You pass away and the money is paid to your beneficiary
  • You use the money for a first time home purchase ($10,000 lifetime withdrawal limit)
  • You are not required to withdraw money at 70 1/2

traditionalIRA

classic_ribbon

Key Benefits & Requirements

  • Allows you to save for any post-secondary education
  • Contributions are not tax deductible
  • You pay no taxes when you withdraw the money if it is used for qualified higher education before the beneficiary reaches age 30
  • You can invest up to $2,000 a year per child younger than age 18

traditionalIRA

WRCU_6-Month-Certificates

Requirements & Terms

  • Quarterly dividends are deposited to the account of your choice
  • Early withdrawal of a 6 month certificate will result in a 1 month interest penalty

6month

WRCU_12Month-Certificates

Requirements & Terms

  • Quarterly dividends are deposited to the account of your choice
  • Early withdrawal of a 12 month certificate will result in a 3 month interest penalty

12month

WRCU_24Month-Certificates

Requirements & Terms

  • Quarterly dividends are deposited to the account of your choice
  • Early withdrawal of a 24 month certificate will result in a 6 month interest penalty

24month