Individual Retirement Account (IRA)
The earlier you open a Individual Retirement Account, also known as an IRA or retirement savings account, the bigger your nest egg will grow and the more you can enjoy your retirement years. DCCU offers different types and terms of IRA certificates. IRA Certificates offer guaranteed dividends with no risk. The minimum to open a traditional or Roth IRA certificate is $500. Certificate terms are 12-60 months and dividends are paid on a quarterly basis. Check out our great individual retirement account rates. It's easy to roll over or change terms when your certificate matures. All savings accounts at DCCU, including retirement savings accounts are insured to $250,000 by the National Credit Union Administration (NCUA).
Learn, plan, and take action with your retirement by visiting DCCU’s online Account Toolkit.
Easy to use and follow Planning Tools include: IRA Eligibility Calculator, Roth IRA Conversion Tools, Retirement Savings Planner, and more.
Open a new retirement account or manage your existing one. You can also contribute, make withdraws, or convert funds all online.
Contributions are taxed as they are made, reducing or eliminating penalties when you withdraw money later. Terms range from 90 days to 5 years. Learn more about Roth IRAs.
Contributions are pre-tax, giving a tax advantage when they are made. Withdrawals are taxed at distribution. Terms range from 90 days to 5 years. Learn more about Traditional IRAs.
- Minimum 24 month term and a minimum deposit of $1,000
- One rate adjustment during term
Open Deposit IRA:
With no minimum balance to start, it’s perfect for those just beginning to save for retirement. There is no minimum to open either a traditional or Roth open Deposit IRA and you are allowed to contribute via payroll deduction or with over the counter deposits. It's easy to move this account into a certificate IRA when your balance reaches $500.
Deposit Plus IRA Certificate:
Add regular deposits to your certificate electronically.
- Minimum deposit only $250
- 12 and 24 month terms available
Non-deductible contributions with potentially tax-free withdrawals for educational purposes. Learn more about Coverdell ESAs. Open an ESA online or at any DCCU branch.