Individual Retirement Accounts (IRAs)
TEFCU is dedicated to helping you earn more than ever before! Each type of IRA Savings Account will reward you with higher interest based on the funds you deposit at TEFCU. The more funds you deposit, the higher your earnings. It's that simple and easy. Your balance grows with your earnings!
Looking for an even greater return? Try putting some funds into an IRA Certificate. The more you earn today, the better your Retirement can be tomorrow!
Type of IRAs
A retirement account which allows you to set aside after-tax income up to a specified amount each year.
A retirement account to which you contribute pre-tax or after-tax dollars, which allows your money to grow tax-deferred.
A savings plan for higher education for a child under the age of 18. Parents and guardians are allowed to make non-deductible contributions.
Let's 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
(301) 289-9800, option 1.
* Not intended as tax advice. Please consult a tax professional.
Certificates (Last Modified: Apr 26, 2018)
|Type of Account|
|Share & IRA Certificates|
Dividends Compounded: Quarterly • Dividends Credited: Quarterly • Dividend Period: Calendar Month • Minimum Balance for Dividends: $500.00 • 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: Apr 26, 2018)
|$0 to $2,499.99|
|$2,500 to $9,999.99|
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