IRAs

TEFCU is dedicated to helping you earn more on your nest egg then ever before! Each type of IRA Savings Account will reward you with higher interest based on the funds you have on deposit at TEFCU. The more funds on deposit, the higher your earnings. Its that simple and easy; as your balances grow, so do your earnings!

Looking for an even greater return? Try putting some funds into an IRA Certificate. Choose the term that fits and we will reward you with a higher rate. The more you earn today, the better your Retirement can be tomorrow!

Which IRA is for you?

We know saving for retirement is not an easy task, but let's make sure your nest egg is protected and has the opportunity to grow. We have your retirement on our minds, let us see which IRA is right for you. Please select either of the following links for additional details.

Roth IRA

Traditional IRA

Educational IRA

Lets work together to assure the Retirement lifestyle you've always dreamed of will come true! If you have any additional questions about opening or funding an IRA, stop by the branch or call a Member Services Representative at (202) 832-5100. We are also here to help with rollovers, direct rollovers, conversions and direct transfers, because we know how tricky those can be too.

Not intended as tax advice. Please consult a tax professional.

Certificates (Last Modified: Aug 01, 2012)

Type of Account	Term	Minimum Balance	Dividend Rate	APY*
Share & IRA Certificates	6-Month	$500	0.75%	0.75%
	12-Month	$500	1.05%	1.05%
	24-Month	$500	1.54%	1.55%
	36-Month	$500	1.59%	1.60%
	48-Month	$500	1.74%	1.75%
	60-Month	$500	1.98%	2.00%

Dividends Compounded: Quarterly • Dividends Credited: Quarterly • Dividend Period: Calendar Month • Minimum Balance for Dividends: $500 • Balance Method: Average Daily Balance • Limitations: Refer to Membership Booklet • Fees: A penalty will or may be imposed for early withdrawals. Refer to Schedule of Fees. • *APY = Annual Percentage Yield

IRAs (Traditional/Roth/Educational) (Last Modified: Jun 08, 2012)

Minimum Balance	Dividend Rate	APY*
$0 to $2,499.99	1.00%	1.00%
$2,500 to $9,999.99	1.20%	1.21%
$10,000 +	1.35%	1.36%

Dividends Compounded: Monthly • Dividends Credited: Monthly• Dividend Period: Calendar Month • Minimum Balance for Dividends: $0.01 • Balance Method: Average Daily Balance • Limitations: Refer to Membership Booklet • Fees: Refer to Schedule of Fees. • *APY = Annual Percentage Yield