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IRA Savings Options

Save for retirement on your terms.

Compare IRAs

  • Best for:

    Best for:

  • Tax implications2

    Tax implications2

  • Age Eligibility

    Age Eligibility

  • Max. Regular Contributions

    Max. Regular Contributions

  • Income Limitations3

    Income Limitations3

  • Contribution Deadline

    Contribution Deadline

  • Distributions

    Distributions

Traditional IRA1

  • Best for:

    People who expect to retire in a lower tax bracket or if you need to rollover assets from a traditional employer-sponsored plan.

  • Tax implications2

    Tax deferred earnings. Contributions may be tax deductible.

  • Age Eligibility

    Must be under age 70 ½ at year end

  • Max. Regular Contributions

    $6,000; $7,000 for those over age 50 at year-end (Combined limit for Traditional and Roth)

  • Income Limitations3

    None

  • Contribution Deadline

    Tax deadline for year to which contribution applies

  • Distributions

    Must begin by April 1 of the year after participant reaches age 70 ½

Roth IRA1

  • Best for:

    People who anticipate being in a higher tax bracket upon retirement. Contributions are not eligible for a tax deduction, but there are more options for withdrawal.

  • Tax implications2

    Tax deferred earnings. Regular contributions may be withdrawn tax and IRS penalty free. Withdrawals of earnings may be tax free.

  • Age Eligibility

    None

  • Max. Regular Contributions

    $6,000; $7,000 for those over age 50 at year-end (Combined limit for Traditional and Roth)

  • Income Limitations3

    Contribution phase-out ranges:

    Single and Head of Household
    $122,000 - $137,00
    Married, filing jointly
    $193,000 - $203,000

  • Contribution Deadline

    Tax deadline for year to which contribution applies

  • Distributions

    No mandatory disbursements

Rates

Regular Savings and IRA Savings
Regular Savings and IRA Savings

Interest Rate

Annual Percentage Yield1

Minimum Balance

Minimum Balance to Earn Interest

Rates Effective: 10-13-2019

View our Truth-In-Savings disclosure for additional information.

* Rate and Annual Percentage Yield also apply to Teachers Deposit Fund (TDF).

1 Annual Percentage Yield subject to change.

Regular Savings*

Interest Rate

0.05%

Annual Percentage Yield1

0.05%

Minimum Balance

$5

Minimum Balance to Earn Interest

$5

IRA Savings

Interest Rate

0.05%

Annual Percentage Yield1

0.05%

Minimum Balance

$0.01

Minimum Balance to Earn Interest

$0

Traditional & Roth IRA Certificates of Deposit
Traditional & Roth IRA Certificates of Deposit

CD Term1

Amount

Interest Rate

Annual Percentage Yield2

Interest Rate with Bundle Rewards3

APY with Bundle Rewards3

Rates Effective: 10-13-2019

Learn more about Traditional & Roth IRA Certificates of Deposit

View our Truth-In-Savings disclosure for additional information.

1 Subsequent deposits can be made on Traditional and Roth IRA Certificates of Deposit.

2 Annual Percentage Yield subject to change.

3 Additional products and services are required to qualify for the Bundle Rewards rate. Please see an OnPoint representative for more information or click here.

4 Booster Rate Certificate of Deposit. You may elect to adjust your rate, based on the rate currently offered for this account, once during the original term of the Certificate of Deposit. Booster rate feature excludes promotional rate offers.

CD Term1

3 months

Amount

$1,000 - $49,000

Interest Rate

1.49%

Annual Percentage Yield2

1.50%

Interest Rate with Bundle Rewards3

1.74%

APY with Bundle Rewards3

1.75%

CD Term1

3 months

Amount

$50,000+

Interest Rate

1.74%

Annual Percentage Yield2

1.75%

Interest Rate with Bundle Rewards3

1.98%

APY with Bundle Rewards3

2.00%

CD Term1

6 months

Amount

$1,000 - $49,000

Interest Rate

1.49%

Annual Percentage Yield2

1.50%

Interest Rate with Bundle Rewards3

1.74%

APY with Bundle Rewards3

1.75%

CD Term1

6 months

Amount

$50,000+

Interest Rate

1.74%

Annual Percentage Yield2

1.75%

Interest Rate with Bundle Rewards3

1.98%

APY with Bundle Rewards3

2.00%

CD Term1

12 months4

Amount

$1,000 - $49,000

Interest Rate

1.49%4

Annual Percentage Yield2

1.50%

Interest Rate with Bundle Rewards3

1.74%

APY with Bundle Rewards3

1.75%

CD Term1

12 months4

Amount

$50,000+

Interest Rate

1.74%4

Annual Percentage Yield2

1.75%

Interest Rate with Bundle Rewards3

1.98%

APY with Bundle Rewards3

2.00%

CD Term1

18 months4

Amount

$1,000 - $49,000

Interest Rate

1.69%4

Annual Percentage Yield2

1.70%

Interest Rate with Bundle Rewards3

1.94%

APY with Bundle Rewards3

1.95%

CD Term1

18 months4

Amount

$50,000+

Interest Rate

1.94%4

Annual Percentage Yield2

1.95%

Interest Rate with Bundle Rewards3

2.18%

APY with Bundle Rewards3

2.20%

CD Term1

24 months4

Amount

$1,000 - $49,000

Interest Rate

1.89%4

Annual Percentage Yield2

1.90%

Interest Rate with Bundle Rewards3

2.13%

APY with Bundle Rewards3

2.15%

CD Term1

24 months4

Amount

$50,000+

Interest Rate

2.13%4

Annual Percentage Yield2

2.15%

Interest Rate with Bundle Rewards3

2.38%

APY with Bundle Rewards3

2.40%

CD Term1

36 months

Amount

$1,000 - $49,000

Interest Rate

1.94%

Annual Percentage Yield2

1.95%

Interest Rate with Bundle Rewards3

2.18%

APY with Bundle Rewards3

2.20%

CD Term1

36 months

Amount

$50,000+

Interest Rate

2.18%

Annual Percentage Yield2

2.20%

Interest Rate with Bundle Rewards3

2.43%

APY with Bundle Rewards3

2.45%

CD Term1

48 months

Amount

$1,000 - $49,000

Interest Rate

1.94%

Annual Percentage Yield2

1.95%

Interest Rate with Bundle Rewards3

2.18%

APY with Bundle Rewards3

2.20%

CD Term1

48 months

Amount

$50,000+

Interest Rate

2.18%

Annual Percentage Yield2

2.20%

Interest Rate with Bundle Rewards3

2.43%

APY with Bundle Rewards3

2.45%

CD Term1

60 months

Amount

$1,000 - $49,000

Interest Rate

2.28%

Annual Percentage Yield2

2.30%

Interest Rate with Bundle Rewards3

2.52%

APY with Bundle Rewards3

2.55%

CD Term1

60 months

Amount

$50,000+

Interest Rate

2.52%

Annual Percentage Yield2

2.55%

Interest Rate with Bundle Rewards3

2.77%

APY with Bundle Rewards3

2.80%

Develop a plan to reach your retirement goals.

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IRA Savings Accounts FAQs

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Disclosures

1 Additional account details may apply.
2 See your tax advisor for information.
3 Please view IRS Publication 590 for more information about income limitations at www.irs.gov or see your tax advisor for more information.

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