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

Schedule Appointment

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 September 12, 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	3.92	3.99	3.92	3.99	3.92	3.99	3.92	3.99	3.92	3.99	3.92	3.99
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	3.54	3.60	3.54	3.60	3.54	3.60	3.54	3.60	3.54	3.60	3.54	3.60
48 Month	3.54	3.60	3.54	3.60	3.54	3.60	3.54	3.60	3.54	3.60	3.54	3.60
60 Month	3.54	3.60	3.54	3.60	3.54	3.60	3.54	3.60	3.54	3.60	3.54	3.60

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.

Compare Deposit & Investment Accounts

General Individual Retirement Account FAQs

What is an IRA Accumulator?

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.

How do I open an IRA at Credit Union of Texas and which type of IRA should I open?

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.

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.

What is the maximum amount for normal contributions?

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

When is the deadline to make a Regular Contribution?

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 1^st and April 15^th of each year, members should select which tax year should be credited for the contribution. After April 15^th, contributions will automatically credit toward the current tax year. A contribution form is required for each contribution to any IRA.

How can I set up recurring automatic contributions for an 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.

How can I contribute funds into an IRA?

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

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

How do I take a distribution from my IRA?

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.

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

Does CUTX offer Coverdell Education Savings Accounts?

Yes. For more information on Coverdell Education Savings Accounts, please visit the IRS Coverdell Education Savings Accounts Page

I need to transfer funds from my IRA with another Financial Institution to CUTX.

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.

What paperwork is required to complete an IRA transfer from CUTX to another Financial Institution?

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

What paperwork is required to complete a Qualified Retirement Plan Rollover from my previous plan provider?

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.