The sooner you start saving for retirement, the more money you’ll have later when you need it. Dupaco helps you reach your retirement savings goals faster because there is no maintenance fee on our IRAs and our rates are among the area’s best.
Types of IRAs
Dupaco offers both traditional and Roth IRAs. The main difference between the two is how and when your money is taxed. If you aren’t sure which option is right for you, just give us a call. We’ll answer any questions you have and help you come up with a plan to achieve your retirement goals.
We have a fixed-rate term or variable-rate investment option available for whichever type of IRA you choose:
Fixed-Rate Term Share Certificate IRA
- $1,000 minimum to open
- 18, 36 or 60-month term
- Dividends compounded semi-annually
- Rate guaranteed for the term of the certificate
Variable-Rate IRA
- $1000 minimum to open
- No set term for individuals over 59 1/2 years old.
- Rate is declared and paid semi-annually
- Contribute funds up to the maximum limits allowed by law
Your Dupaco IRA deposits are federally insured for up to $250,000 by the National Credit Union Administration (NCUA).
Current Rates
| Roth: 11 Month Fixed Jumbo Special | 4.45% | 4.50%1 | $100,000 |
|---|---|---|---|
| Traditional: 11 Month Fixed Jumbo Special | 4.45% | 4.50%1 | $100,000 |
| Roth: 11 Month Fixed Special | 4.35% | 4.40%2 | $1,000 |
| Traditional: 11 Month Fixed Special | 4.35% | 4.40%2 | $1,000 |
| Roth: 25 Month Fixed Jumbo Special | 4.25% | 4.30%1 | $100,000 |
| Traditional: 25 Month Fixed Jumbo Special | 4.25% | 4.30%1 | $100,000 |
| Roth: 25 Month Fixed Special | 4.16% | 4.20%2 | $1,000 |
| Traditional: 25 Month Fixed Special | 4.16% | 4.20%2 | $1,000 |
| Roth: 39 Month Fixed Jumbo Special | 3.67% | 3.70%1 | $100,000 |
| Traditional: 39 Month Fixed Jumbo Special | 3.67% | 3.70%1 | $100,000 |
| Roth: 39 Month Fixed Special | 3.57% | 3.60%2 | $1,000 |
| Traditional: 39 Month Fixed Special | 3.57% | 3.60%2 | $1,000 |
| Rates are effective as of 5/11/2023 and are subject to change without notice. 1Fixed Jumbo Special Rate: Minimum amount required to open any Fixed IRA Jumbo Special certificate is $100,000. The dividend rate and annual percentage yield (APY) may change. Dividends begin to accrue on the business day you deposit non-cash items (for example, checks). Dividends will be compounded semi-annually and will be credited to the account semi-annually. Dividends on your account will be credited by adding the dividends to the principle. The annual percentage yield assumes dividends will remain on deposit until maturity. A penalty will be imposed for early withdrawal. Fees may reduce earnings. 2Fixed Special Rate: Minimum amount required to open any Fixed IRA special certificate is $1,000. The dividend rate and annual percentage yield (APY) may change. Dividends begin to accrue on the business day you deposit non-cash items (for example, checks). Dividends will be compounded semi-annually and will be credited to the account semi-annually. Dividends on your account will be credited by adding the dividends to the principle. The annual percentage yield assumes dividends will remain on deposit until maturity. A penalty will be imposed for early withdrawal. Fees may reduce earnings. |
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| Term | Dividend Rate | Annual Percentage Yield (APY) | Min. to Earn |
|---|---|---|---|
| Traditional: 60 Months | 1.15% | 1.153 | $1,000 |
| Roth: 60 Months | 1.15% | 1.153 | $1,000 |
| Traditional: 36 Months | 0.90% | 0.90%3 | $1,000 |
| Roth: 36 Months | 0.90% | 0.90%3 | $1,000 |
| Traditional: 18 Months | 0.70% | 0.70%3 | $1,000 |
| Roth: 18 Months | 0.70% | 0.70%3 | $1,000 |
| Rates are effective as of 12/08/2022 and are subject to change without notice. 3Fixed IRA Rates: Dividends and annual percentage yields (APY) accurate as of the last dividend declaration date. A penalty may be incurred for early withdrawals. Fees may reduce earnings. |
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| Balance | Dividend Rate | Annual Percentage Yield (APY)1 | Min. to Earn |
|---|---|---|---|
| Traditional: $15,000+ | 0.70% | 0.70% | $15,000 |
| Roth: $15,000+ | 0.70% | 0.70% | $15,000 |
| Traditional: $5,000-$14,999.99 | 0.60% | 0.60% | $5,000 |
| Roth: $5,000-$14,999.99 | 0.60% | 0.60% | $5,000 |
| Traditional: $1,000-$4,999.99 | 0.50% | 0.50% | $1,000 |
| Roth: $1,000-$4,999.99 | 0.50% | 0.50% | $1,000 |
| Rates are effective as of 01/01/2023 and are subject to change without notice. 1Variable IRA Rates: Dividends and annual percentage yields accurate as of the last dividend declaration date. The interest rate and annual percentage yield may change after account opening. Fees could reduce earnings on the account. A penalty will be imposed for early withdrawal. |
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Open your IRA
We’re right here to help you get started! Just stop into any Dupaco branch or give us a call at 800-373-7600, ext. 218.
Don’t have $1000 to invest in an IRA?
Choose Launchpad, instead! It’s a special account that helps you establish and grow your retirement savings at your own pace until you’re ready to open an IRA.
- Retirement Savings
See how long your retirement savings will last based on your savings and inflation. - Retirement Income
Determine what your monthly retirement income will be. - Roth vs. Traditional IRA
Compare the difference in savings over time with a Roth and Traditional IRA.
