IRA Savings Certificates

Looking for a fixed rate of return on your retirement funds? How about the freedom to choose your terms – and the security of knowing that your funds are insured?6 Find A Branch
Traditional and Roth IRA Savings Certificate
At a Glance

A Desert Schools Individual Retirement Account (IRA) Savings Certificate puts you in control of your retirement earnings. With competitive rates and flexible terms ranging from six months to five years, you lock in a rate and term that is comfortable for you – all with possible tax benefits.2 Whether you choose a Traditional or Roth IRA Savings Certificate,5 you can enjoy peace of mind knowing that your investment is secure. Automatic renewals at certificate maturity make this a low-maintenance investment in your future.

Key Features
  • No monthly or annual service fees
  • Low $1,000 minimum deposit3
  • Competitive fixed rate as high as 1.60% APY1
  • Flexible terms available from six months to five years4
  • Free Mobile Banking, Online Banking, and eStatements

Footnote disclosures:
1 APY = Annual Percentage Yield. Rate shown is for a 5 year term and is effective January 27, 2016, subject to change without notice.
2 Consult your tax advisor regarding your individual tax situation.
3 Maximum annual contribution limits may apply to deposits made to retirement accounts. Consult a tax advisor for your maximum contribution limit.
4 Desert Schools' early withdrawal penalties may apply. The Internal Revenue Service may also impose a penalty for early withdrawals. Contact a tax advisor to determine if a penalty applies before making a withdrawal from an IRA.
5 Traditional IRA and Roth IRA have separate qualification criteria and tax implications. Consult a tax advisor to determine which IRA is right for your situation.
6 Insured by NCUA. All IRA and Roth IRA shares that an individual has in the same insured credit union are added together and the total is insured up to $250,000.