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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.

When you save for retirement with Dupaco, you can also enjoy peace of mind knowing that your money is safe. Your IRA deposits are federally insured for up to $250,000 by the National Credit Union Administration (NCUA). This is over and above the $250,000 insurance on your regular savings.

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Types of IRAs

There are two types of IRA programs available: traditional IRAs and Roth IRAs. The main difference between the two is the rules regarding taxes.

 Traditional IRARoth IRA
Who can contribute?Anyone with earned compensation & under age 70-1/2Anyone with earned compensation
Distribution rulesMinimum distributions are required at age 70-1/2 Distribution(s) are not required
Tax advantagesEarnings are tax-deferred until withdrawn; contributions may be tax deductibleEarnings are tax free and penalty free for qualified distributions; no required minimum distributions
Are contributions tax deductible?Yes (Deduction may be reduced or eliminated based on MAGI, pension plans, etc.) No
Annual contribution limits$5,500 with an additional $1,000 catch-up provision for those age 50 or older$5,500 with an additional $1,000 catch-up provision for those age 50 or older

Choosing Your Best Option

Our member services staff and/or investment professionals can answer your questions about IRAs and help you come up with a plan to achieve your goals.

With both the traditional IRA and Roth IRA, you can select a variable-rate investment option or a fixed-rate term.

Variable Rate IRA

  • Can be opened with a minimum of $1,000
  • Allows you to contribute additional funds up to the maximum limits allowed by law
  • The rate is declared and paid semiannually

Fixed Rate Term Share Certificate IRA

  • Offers certificate terms of 18, 36 or 60 months on investment amounts of $1,000 or more
  • Dividends are compounded semiannually
  • The rate is guaranteed for the term of the certificate

To open an IRA, visit any of our locations or contact a member service representative at 800-373-7600.

Need help getting started?

If you don’t have $1,000 to invest yet, our Launchpad retirement savings account can help you get started.

See How

Current Rates

TermDividend RateAnnual Percentage Yield (APY)Min. to Earn
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.
2Fixed Special Rate: Minimum amount required to open any Fixed IRA special certificate is $5,000. 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.
3Fixed IRA Rates: Dividends and annual percentage yields (APY) accurate as of the last dividend declaration date. Fees may reduce earnings. A penalty may be incurred for early withdrawals.
45 Month Fixed Jumbo Special3.23%3.26%1$100,000
29 Month Fixed Jumbo Special2.73%2.75%1$100,000
15 Month Fixed Jumbo Special2.48%2.50%1$100,000
45 Month Special2.99%3.01%2$5,000
29 Month Special2.48%2.50%2$5,000
15 Month Special2.24%2.25%2$5,000
60 Months1.64%1.65%3
$1,000
36 Months1.05%1.05%3
$1,000
18 Months0.70%0.70%3
$1,000
BalanceDividend RateAnnual Percentage Yield (APY)1Min. to Earn
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.
$15,000+1.35%1.36%$15,000
$5,000-$14,999.990.85%0.85%$5,000
$1,000-$4,999.990.60%0.60%$1,000
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