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.

Schedule Appointment

Sit back and relax. Or set out on new adventures. With the help of an IRA, you can afford any retirement lifestyle that you choose.

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

Schedule Appointment

Questions? We can help.

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

Talk to an Account Specialist
972-263-9497

Schedule an appointment

Get a personalized consultation.

Exclusive Benefits Include

Are you eligible for membership? See our Membership Eligibility

Traditional IRA

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

Roth IRA

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

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.

Compare Deposit & Investment Accounts

IRA CD Rates

^*The Annual Percentage Yields (APYs) are accurate as of July 31, 2020 and are subject to change.

	$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*
6 Month	.57	.57	.57	.57	.57	.57	.57	.57	.57	.57
12 Month	.70	.70	.70	.70	.70	.70	.70	.70	.70	.70
24 Month	.85	.85	.85	.85	.85	.85	.85	.85	.85	.85
36 Month	.95	.95	.95	.95	.95	.95	.95	.95	.95	.95
48 Month	1.04	1.05	1.04	1.05	1.04	1.05	1.04	1.05	1.04	1.05
60 Month	1.19	1.20	1.19	1.20	1.19	1.20	1.19	1.20	1.19	1.20

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

Financial Calculators

General Individual Retirement Account FAQs

How do I open an IRA at CUTX?

Just make an appointment to visit your nearest CUTX location we'll set you up to save.

How do I make a contribution to my IRA?

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

How do I take a distribution from my IRA?

Like contributions, IRA distributions also require forms to be completed. Please stop by the nearest CUTX location to take a distribution.

How many times a year am I required to take a required minimum distribution from my IRA?

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

What happens to my IRA if I die?

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.

I need more tax information on IRA's

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

https://www.irs.gov/retirement-plans/individual-retirement-arrangements-iras

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.