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Retirement Accounts & IRAs!


Retirement Central

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Plan for the future

IRAs from Genisys give you competitive credit union rates as you save for your future, whether you’re building a retirement account or saving for a child’s education.  Open your IRA with any amount and make regular contributions through Direct Deposit, by mail or in person and know you have made a secure investment in your retirement planning.

 

Choose the IRA that is right for you

Traditional IRA

With this IRA, you may qualify for a tax-deductible contribution—and that means your overall tax bill at the time of funding will be lower.   Learn more about Traditional IRAs

Roth IRA

Contributions are made with after-tax dollars. At retirement, both your contributions and the earnings may generally be taken out as tax-free withdrawals. Learn more about Roth IRAs

Coverdell Education Savings Account

Contribute Savings Account (CESA) – Federally sponsored savings vehicles for children. You can put up to $2,000 per year in your child’s CESA and you do not have to have earned income in order to qualify to make an ESA contribution.   Learn more about Coverdell Education Savings Accounts

 

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Open your IRAs with the retirement account that best fits your needs

Savings – Open your IRA with no minimum and make contributions any time.

Money Market – The IRA Money Market is a high yield, short-term investment vehicle. Because the IRA Money Market combines the retirement planning benefits of an IRA with the convenience and liquidity of a money market account, you can put your money to work for you while you weigh your future retirement planning investment options.  Or use it to hold funds that you’ll want access to as you reach your IRA distribution age.

Certificate – If you have Genisys Credit Union IRAs, you can transfer as little as $500 to a Genisys Credit Union Certificate and earn even higher rates.

Learn more about credit union share insurance for your IRA accounts at Genisys.

Retirement Planning Resources

When you have more questions, are looking for retirement planning tools or are ready to open an investment account, click on our Retirement

Life Stages:  In this section, you have the opportunity to explore some of the key topics you should consider at various life stages to help ensure a successful retirement.//www2.iraservicecenter.com/rc/default.aspx?OrgNbr=5938

Central Module for help. Retirement Central gives you practical ideas you can apply today to help you achieve financial security in retirement.Retirement Planning Tools – use these tools for payout, projections and comparison calculations

Retirement FAQs:  Within this section of Retirement Central, you'll find answers to the most commonly asked retirement planning questions.

Retirement Central

IRA Certificate Specials
Effective Date: Tuesday, December 3rd, 2024
TermDividend RateAPY*
13 months 4.00% 4.06%
19 months 4.10% 4.16%
25 months 4.20% 4.27%

Open an Account   Open Certificate in Online Banking Certificate Calculator

*Annual Percentage Yield designated as APY. Certificate specials are for a limited time and the credit union may end it at anytime without notice. Minimum certificate opening balance is $500. Specials are non-renewable. 13 month term will renew into a 12 month term, 19 month term will renew into a 18 month term and 25 month term will renew into an 24 month term. Penalty for early withdrawal.

 

Jumbo and Jumbo IRA Certificates $100,000 and Above
Effective Date: Tuesday, December 3rd, 2024
TermDividend RateAPY*
6 Months 3.70% 3.75%
1 Year 3.44% 3.48%
18 Months 3.50% 3.55%
2 Years 3.60% 3.65%
3 Years 3.69% 3.74%
4 Years 3.76% 3.81%
5 Years 3.80% 3.85%

Open an Account   Open Certificate in Online Banking Certificate Calculator

$100,000 is the minimum balance required to open account and earn APY.  Annual Percentage Yield designated as APY and subject to change at any time. Penalty for early withdrawal.

 

IRA Certificates $500 and Above
Effective Date: Tuesday, December 3rd, 2024
TermDividend RateAPY*
6 months 3.65% 3.70%
1 Year 3.39% 3.43%
18 months 3.45% 3.49%
2 Years 3.55% 3.60%
3 Years 3.64% 3.69%
4 Years 3.71% 3.76%
5 Years 3.75% 3.80%

Open an Account   Open Certificate in Online Banking Certificate Calculator

$500 is the minimum balance required to open account and earn APY.  Annual Percentage Yield designated as APY and subject to change at any time Penalty for early withdrawal.

 

IRA Money Market (1,2)
Effective Date: Tuesday, December 3rd, 2024
Dividend RateAPY*Dividend Credited
0.45% 0.45% Monthly
Open an Account   IRAs/Retirement Accounts Savings Growth Calculator
  1. Annual Percentage Yield designated as APY and subject to change at any time.
  2. Minimum balance of $2,500 required to earn dividends.

 

IRA Savings
Effective Date: Tuesday, December 3rd, 2024
Dividend RateAPY*Dividend Credited
0.20% 0.20% Quarterly

Open an Account   IRAs/Retirement Accounts Savings Growth Calculator

Annual Percentage Yield designated as APY and subject to change at any time. No minimum balance required.

Get Started

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IRA FAQs 

 

For more information, visit our retirement account FAQs.

 

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