Turbo charge your retirement savings
Saving in an Individual Retirement Account (IRA) is a smart way to accumulate funds for a financially secure retirement. Sound IRAs earn dividends that are compounded monthly, plus contributions can grow tax-free and may be tax deductable.¹
| IRA Options |
|
IRA Share Accounts
Perfect for those who want to start saving for retirement, but want a low minimum account balance
- Open a new IRA Share Account with only a $25 initial deposit
- Make deposits at any time in any amount, up to the maximum
annual limit.
- Dividends paid at a variable rate
- Accounts are insured separately up to $250,000 by the NCUA
- When you reach a balance of $1,000, open a Sound IRA Certificate Account and earn even higher dividends
IRA Certificate Accounts
Great for those who are looking for the flexibility of a certificate account with the earning advantage of an IRA.
- Requires a minimum deposit of $1,000
- Earn a fixed interest rate, compounded monthly over the life of your certificate
- Multiple terms available from 12 to 60 months
- Accounts are insured separately up to $250,000 by the NCUA
IRA Transfers and Rollovers
Have an IRA at another financial institution? Transferring those funds or rolling over funds from a retirement account to your Sound IRA is easy. Just call our Contact Center or visit your local branch.
|
| Todays Rates |
Dividend Rate |
APY♦ |
Minimum Balance
or Denomination
|
|
IRA Certificates |
|
12 months
|
0.300 |
0.30 |
$1,000 |
|
18 months
|
0.349 |
0.35 |
$1,000 |
|
24 months
|
0.499 |
0.50 |
$1,000 |
|
36 months
|
0.847 |
0.85 |
$1,000 |
|
60 months
|
1.391 |
1.40 |
$1,000 |
|
♦APY= Annual percentage yield. Rates subject to change without notice.
1For specific tax advice, please consult your tax advisor.
Regulation D
Regulation D (Reg D) is a federal regulation that limits individuals to six transfers from deposit accounts without their physical presence being required. Transaction limitations apply to all Sound Savings Accounts, Money Market Accounts, Certificates, and IRAs. Find out more.
