Individual Retirement Accounts
Retire in style
Enjoy special tax advantages as you prepare for your future.
Start building your retirement account today!
It’s never too early to start thinking about your retirement
We’re here to help you figure out the best way to save and invest your money so you can retire in style. Opening a Traditional or Roth IRA account with Magnolia FCU can be one of the best decisions you make when preparing for your golden years.
We offer great options to fit your financial needs and long-term goals, plus you can receive special tax advantages. Start building your secure financial future now!
- Roth and Traditional IRA’s are both available
- Competitive dividends above standard savings rates
- No start up fees or monthly/annual maintenance charges
- Earn more on balances of $1,000+ with IRA Share Certificates
Account Minimum Deposit To Open Average Daily Balance Required to Earn Dividends Rate APY IRA Shares $100 $100 0.499% 0.50%
The Dividend Rate and Annual Percentage Yield on your accounts are set forth above. For all accounts except certificates, the Dividend Rate and Annual Percentage Yield may change monthly as determined by the Board of Directors. Money Market accounts are tiered rate accounts. The Dividend Rate for a particular tier will apply to the entire account balance if the account balance is within the balance range for that tier. The Dividend Rates and Annual Percentage Yields are the prospective rates as of the effective date shown above. For Certificate Accounts, the Dividend Rate and Annual Percentage Yield are fixed and will be in effect for the term of the account. For Certificate accounts, the Annual Percentage Yield is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings.
APY = Annual Percentage Yield
Term Minimum Balance Required Rate APY 3 Months $1,000 0.250% 0.25% 6 Months $1,000 0.300% 0.30% 12 Months $1,000 1.250% 1.26% 18 Months $1,000 1.350% 1.36% 24 Months $1,000 1.500% 1.51% 30 Months $1,000 1.650% 1.66% 36 Months $1,000 2.000% 2.02% 42 Months $1,000 2.100% 2.12% 48 Months $1,000 2.250% 2.27% 60 Months $1,000 2.500% 2.53%
Become a Member
Once you become a credit union member, it's easy to sign up for this account online.Join Now