Traditional & Roth IRAs

There’s no better time to start saving for your future

With these special types of accounts, the earlier you start the more you'll have when it's time to retire.

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Individual Retirement Accounts Cincinnati, OH

Start saving for retirement today.

An Individual Retirement Account (IRA) allows you to save for retirement with tax-free growth or on a tax-deferred basis. While there are a variety of types of IRAs, Traditional and Roth IRA are the most popular, a GECU adviser can guide you in a direction that will work for your goals.

Traditional IRA
  • Anyone 16+ earning wages can make contributions
  • You can establish a Traditional IRA even if you're covered by another retirement plan
  • Contributions are not allowed after age 70½
  • Money grows tax-deferred until withdrawal
  • Withdrawals required to begin at 70½ 
  • Learn more about Tranditional IRAs in our IRA Service Center
Roth IRA
  • Save money on a tax-free basis
  • Contributions are not deductible 
  • Contributions allowed after age 70½ provided you have earned income
  • Earnings grow tax-free and withdrawal of earnings are tax-free
  • Tax-free withdrawals can be made after having the account for 5 years. There may be a penalty if withdrawing before age 59½
  • Learn more about Tranditional IRAs in our IRA Service Center

IRA Passbook and IRA Certificate - the best of both worlds.

Our IRA Passbook Account has no minimum balance requirement and takes just $5.00 to open to begin earning on your retirement savings. You can contribute to your account at any time through Payroll Deduction or by speaking with a loan officer, branch manager, or IRA specialist.

An IRA Certificate gives you the consistent, guaranteed interest of a certificate and the tax advantages of an IRA. Your certificate will automatically renew at maturity at the prevailing rate unless you choose otherwise. There may be penalties for withdrawing funds prior to the maturity date. An IRA Passbook is required to open an IRA Certificate.

An IRA Certificate offers: 
  • Stability. Stable earnings you can count on no matter the ever-changing investment values.
  • Flexibility. With a low minimum balance requirement, begin earning on your retirement savings on as little as $500.
  • Tax savings. Get the tax advantages of a traditional or Roth IRA.

Sit back and know you're in good hands. 

Aside from working with the top IRA specialists in the area, all GECU IRAs are federally insured separately, from other deposits up to $250,000 by the National Credit Union Administration (NCUA). For more details about how your GECU accounts are protected, please click here for an informative brochure. Calculate your accurate share insurance by using the NCUA e-calculator.

Open your IRA today and save for tomorrow. 

To set up your IRA and start saving for your future, please visit one of our branches where a loan officer, branch manager, or IRA specialist can work with you and find the best option for your financial goals.

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