IRA Accounts

Planning For The Future Should Be A Priority

IRA accounts give you ways to save for a variety of future needs; retirement, home purchase, medical emergencies and more. Annual IRA contributions also help you manage your taxable income and minimize the amount of tax you pay.

A traditional IRA is the most basic of retirement plans. It provides an easy and effective way for you to put money aside for your future, while offering tax benefits today.

Start Investing Today!

Once you have accumulated $500 or more, you can invest it in a certificate, ranging in terms from 6 to 60 months. Maximum annual contributions are set by the government and generally increase each year. Our member services team can assist you in opening your Regular or Roth IRA.

Bring the following:

Valid Driver's License

Must list CURRENT address. If address IS NOT current, bring a recent bill, bank statement or lease agreement detailing current address.

Open An Account In Person

Visit a NCCFCU branch to open
your IRA account.

Minimum Deposit

$500 minimum opening balance.

Roth IRA

  • $25.00 Balance To Open
  • No Monthly Fee
  • .05% (APY*) Rate
  • .05% (APY*) Yield
  • Plus Dividends**
* Annual Percentage Yield
** Pays Dividends Monthly, Calculated In Daily Balance

Current Maximum Contributions

Age* 49 & under:  $6,000

Age* 50 & over:  $7,000

* Age by the end of the tax year.

Traditional IRA

  • Independence. They can be opened and funded without any employer participation.
  • Immediate tax benefits. Contributions may be tax-deductible,* and earnings are tax-deferred until retirement. See your tax advisor for details.
  • Accessibility. Funds are always available, something not generally true of employer plans.
  • Flexibility. There is no minimum contribution in any year.

Membership Eligibility

You must live, work, worship attend school in Wayne County, North Carolina, or be an existing member to be eligible to open an IRA with us.

Current Deposit Rates

IRA/Tiered Share Certificates Rates

 <$100,000 Rate≥$100,000 Rate
TERMRATEAPY*RATEAPY*
6-17 Months.10%.10%.18%.18%
18-35 Months.25%.25%.30%.30%
36-59 Months.35%.35%.40%.40%
60 + Months.70%.70%.75%.75%
*APY is Annual Percentage Yield. Rates subject to change without notice.

Interested in Share Certificates?

Certificates are a great way to earn a higher interest rate on your savings deposits without tying up your assets for long periods of time. We offer certificates of 6, 18, 36, or 60 months.