IRA
Individual Retirement Accounts

Whether you want a Traditional, Roth, or an Education IRA, Neighbors offers you choices in how your money is invested, to give you the highest rate of return for your situation. We are ready to help you set up a new IRA, or to assist you with the "rollover" of an existing IRA to Neighbors FCU.
Traditional
  • Contributions may be fully tax-deductible
  • Earnings grow tax-deferred until withdrawn
  • Early withdrawals can be made penalty-free for qualifying reasons such as higher education expenses, first- time home purchases, qualifying medical expenses and more
Roth
  • Contributions are not tax-deductible, but can be withdrawn tax and penalty-free at any time
  • Earnings can be withdrawn penalty-free for the same qualifying reasons as Traditional IRA's
  • Earnings are tax-free if the account has been open for five years and withdrawn for a qualified reason
  • You are not required to begin withdrawals at age 70
Education
  • Contribute up to $2000 per year on a child's behalf
  • Contributions are not tax-deductible, but can be withdrawn tax and penalty-free for qualified higher-education expenses
  • Funds can be transferred from one child's account to another in the family

View Current Rates


 
For more information or to take advantage of our great rates, contact us or visit one of our convenient locations.

   

 

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