What is an IRA?

An IRA is an Individual Retirement Account set up at a financial institution that allows an individual to save for retirement with tax-free growth or on a tax-deferred basis. There are three main types of IRAs: Traditional, Roth, and Education--each with different advantages.

CUTX offers Traditional, Roth and Education IRAs. You can open an IRA with as little as $50 in an IRA accumulator savings. For an investment of $1000, IRA certificate terms are available and range from 6-to-60 months. A minimum deposit of $500 is required to purchase an Educational IRA.