Enjoy your golden years with security
With a retirement savings account from Credit Union of Southern California (CU SoCal), you can relax and feel confident knowing that you’re taking the necessary steps to secure your financial future. With multiple different account options, competitive rates, a low opening balance, and flexible terms from 12 to 60 months, you can start your retirement savings journey regardless of what stage of life you are in.
Key Advantages
Traditional IRA
This option can be ideal for those who want to deduct their contributions on their taxes now, rather than paying on the future withdrawals from the account.
Roth IRA
This IRA option may be a good option for those who are able to pay taxes on their contributions, and in return get tax-free withdrawals from the account in the future.
Education IRA
Fund your child’s primary, secondary and higher education costs with this IRA. In many cases, tuition, fees, supplies, and even room and board can qualify for coverage by an Education IRA.
Qualify for Rewards+
Having $25,000 average daily balance on deposit brings you one step closer to qualifying for Rewards+, our Member loyalty program.
Learn MoreInvest in your future with an IRA option that fits your needs
You can take control of your financial future with a retirement savings account from CU SoCal. With multiple account options to fit different lifestyles, flexible terms, a low opening balance, accessible help, and competitive rates, you have what you need for retirement success.
IRA Rates
| Term | Minimum opening balance | Minimum to earn dividend | Dividend rate | APY1 |
|---|---|---|---|---|
|
Term:
12 month2 |
Minimum opening balance:
$25 |
Minimum to earn dividend:
$25 |
Dividend rate:
3.20% |
APY1:
3.25% |
|
Term:
18 month |
Minimum opening balance:
$25 |
Minimum to earn dividend:
$25 |
Dividend rate:
3.20% |
APY1:
3.25% |
|
Term:
24 month |
Minimum opening balance:
$25 |
Minimum to earn dividend:
$25 |
Dividend rate:
2.96% |
APY1:
3.00% |
|
Term:
36 month |
Minimum opening balance:
$25 |
Minimum to earn dividend:
$25 |
Dividend rate:
2.96% |
APY1:
3.00% |
|
Term:
48 month |
Minimum opening balance:
$25 |
Minimum to earn dividend:
$25 |
Dividend rate:
2.96% |
APY1:
3.00% |
|
Term:
60 month |
Minimum opening balance:
$25 |
Minimum to earn dividend:
$25 |
Dividend rate:
2.96% |
APY1:
3.00% |
1. APY is Annual Percentage Yield. 2. For Traditional and Roth IRAs, the minimum term is 12 months. Coverdell Education IRAs are only available in 12-month terms. Rates are accurate as of December 1, 2024 and are subject to change. IRAs are fixed accounts that will earn the stated dividend rate for the duration of the account term. A penalty may be imposed for early withdrawals. 3. For Traditional, Roth and Coverdell Education IRAs, the minimum opening balance and minimum to earn dividends is $25.
Open Account
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