Individual Retirement Accounts

The best way to prepare for retirement? Start saving as soon as possible, and invest in accounts that offer attractive tax benefits.

CUTX Has The Best IRA Rates in Texas

Make your plan for retirement savings with a high yield, risk free investment.


Wondering how to save for retirement?

Sit back & relax, or set out on new adventures. With the help of an IRA, you can afford to save for your dream retirement.


  • Choose Traditional or Roth IRAs
  • Open Traditional or Roth IRAs for just $1,000
  • Contribute up to $6,000 a year ($7,000 if you're over age 50)
  • Accelerate your savings progress by investing in our IRA Certificates of Deposit
  • Ask about our Education IRAs - also known as Coverdell Education Savings Accounts - that can help cover college costs

Questions? We can help.

Monday - Friday 9AM - 6PM
and Saturday 10AM - 2PM CST



Talk to an IRA Investment Specialist
(214) 818-3231




Schedule an appointment


Get a personalized IRA investing consultation.



IRA Rates

*The Annual Percentage Yields (APYs) are accurate as of May 6, 2025 and are subject to change.



$500 - $999.99 $1,000 - $9,999.99 $10,000 - $24,999.99 $25,000 - $49,999.99 $50,000 - $98,999.99 $99,000 +

Interest Rate APY* Interest Rate APY* Interest Rate APY* Interest Rate APY* Interest Rate APY* Interest Rate APY*
6 Month 4.02 4.10 4.02 4.10 4.02 4.10 4.02 4.10 4.02 4.10 4.02 4.10
12 Month 3.98 4.05 3.98 4.05 3.98 4.05 3.98 4.05 3.98 4.05 3.98 4.05
24 Month 3.88 3.95 3.88 3.95 3.88 3.95 3.88 3.95 3.88 3.95 3.88 3.95
36 Month 3.64 3.70 3.64 3.70 3.64 3.70 3.64 3.70 3.64 3.70 3.64 3.70
48 Month 3.64 3.70 3.64 3.70 3.64 3.70 3.64 3.70 3.64 3.70 3.64 3.70
60 Month 3.64 3.70 3.64 3.70 3.64 3.70 3.64 3.70 3.64 3.70 3.64 3.70

We offer the following IRA's:

Educational IRA

Roth/Traditional IRA

IRA Certificate of Deposit


Get a good look at where you are and where you're going next.

Financial Calculators

Exclusive Benefits Include

Traditional IRA

You could get a tax deduction for every year you contribute to your IRA. Interest and dividend earnings grow tax-deferred.

Roth IRA

Your interest and dividend earnings are tax-deferred, and all qualified withdrawals are tax-free.1

Education ESA

Contribute up to $2,000 a year. Funds can pay for elementary, secondary school and college tuition and other qualified education expenses.




Put your money to work for you.

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General Individual Retirement Account FAQs

An IRA accumulator is a type of Individual Retirement Account (IRA) designed for individuals who prefer to contribute small, periodic amounts rather than making large lump-sum deposits.

Just make an appointment to visit your nearest CUTX location we'll set you up to save. CUTX cannot give Tax Advice as each situation will be different. Please seek Tax Advice prior to making any decisions.

There's some paperwork involved with this, so please stop by the nearest CUTX location to make a contribution.

For current year contribution limits, please visit the IRS Website.

Generally, April 15 but if that date falls on Saturday, Sunday or a legal holiday, the deadline is extended to the next business day. Between January 1st and April 15th of each year, members should select which tax year should be credited for the contribution. After April 15th, contributions will automatically credit toward the current tax year.  A contribution form is required for each contribution to any IRA.

Recurring contributions can be made to an IRA Accumulator only. To complete the proper form please contact us and request the transfer form to initiate the transfer process. Remember to consult a Tax Professional regarding the tax implications of making frequent contributions to your IRA. 

  Please click on the link below to go to the government IRS web-page

Funds can only be deposited into an IRA CD at maturity. Any additional contribution requests would require a new IRA CD to be opened, or you may deposit to an IRA accumulator until the current CD matures.  Remember to consult a Tax Professional regarding the tax implications of making contributions into an IRA.

Once you reach age 72, the Internal Revenue Service requires a minimum distribution of at least once per year.

Your IRA funds will be passed to your beneficiaries, so be sure to keep your list of beneficiaries up to date. IRA funds are separate from your membership account and require a separate beneficiary form.

  Please click on the link below to go to the government IRS web-page
Yes. For more information on Coverdell Education Savings Accounts, please visit the IRS Coverdell Education Savings Accounts Page
Please visit your nearest branch location to request the necessary IRA transfer paperwork. Be sure to bring a recent statement from your current Retirement plan. You may also schedule an appointment to speak with a representative.
The other Financial Institution can send the transfer request by fax 972-301-1980, or by regular mail to 

CUTX
ATTN: IRA DEPARTMENT
PO BOX 7000
ALLEN, TX 75013 

Please visit your nearest branch location to request the necessary IRA transfer paperwork. Be sure to bring a recent statement from your current Retirement plan. You may also schedule an appointment to speak with a representative . Please note, CUTX only accepts rollovers from 401K or 403B plans.

Why CUTX?

Friendly and attentive staff. Paydays come early and the fact that they care for the little guys is definitely my favorite thing about this bank. Definitely the go-to-spot if you’re interested in growing your financial reach.

Xavier H.
Never a issue always friendly and as you walk in the gentleman at the door greets you with awesome customer service. Always on point.
Mr. C.

I simply love this credit union location. My family has gotten several auto loans and personal loans there. I have been a member for over 30 years and my children have accounts also.

Laretha S.

We're Here To Help

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We have several locations in DFW and East Texas. Come see us!

 

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(214) 818-3231



*APY (Annual Percentage Yield) assumes interest remains on deposit until maturity. A penalty may be imposed for early withdrawals. 

1. To withdraw from a Roth IRA, the account must meet the following requirements; minimum 5 year holding period, must be 59 ½ years of age or older, or one of the following exceptions: first-time home purchase, college expenses, and birth or adoption expenses.