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Take Control of Your Retirement Savings with a Signal Individual Retirement Account

It’s never too early to be Signal Smart™ about your retirement planning.

That’s why Signal offers a variety of IRA options so you can start contributions early, set aside retirement savings at a pace that works best for you, and make progress toward a secure future.

Traditional IRA

Our Traditional IRA allows you to defer taxes on your retirement savings until reaching the IRS mandated required minimum distribution age 73.

  • Minimum of $5 is required to open and maintain the account
  • Contributions may be tax-deductible in the year they are made
  • Contributions can be made as long as you have earned income
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Roth IRA Savings Account

Our Roth IRA features tax-free withdrawals for qualified distributions1 after a five-year holding period. If you expect to be in a higher tax bracket when you retire, a Roth IRA could be the right investment choice for you.

  • Contributions are non-deductible and taxed in the year earned
  • Contributions can be made as long as you have earned income
  • Not required to take distributions at age 73
  • Minimum of $5 is required to open and maintain the account
Open Account
Minimum Amount to Open Minimum Balance Dividend Rate APY2
IRA Savings $5 $5 0.03% 0.03%

IRA deposits are insured separately to $250,000 by NCUA. Please see Signal Financial Truth in Savings Disclosure for details.

Options for Business Owners

SEP IRA (Simplified Employee Pension Plans) are designated for self-employed business owners such as sole proprietors. Offering tax benefits and funded using a Traditional IRA Savings Account, or Traditional IRA certificates.

Minimum Amount to Open Minimum Balance Dividend Rate APY2
IRA Savings $5 $5 0.03% 0.03%

SEP IRAs are also Traditional IRAs. SEP contributions cannot be made to a Roth IRA. SEP IRAs have an IRS required minimum distribution requirement at age 73.

IRA deposits are insured separately to $250,000 by NCUA. Please see Signal Financial Truth in Savings Disclosure for details.

Coverdell Education Savings IRA

A Coverdell education savings account (Coverdell ESA) is a trust or custodial account set up in the United States solely for paying qualified education expenses for the designated beneficiary of the account.

  • Minimum of $5 is required to open and maintain the account
  • Eligible to open account prior to child turning 18
  • Can contribute up to $2,000 per year until the child reaches the age of 183
  • Accounts eligible to stay open until age of 30

For the latest rates, visit the Our Rates page.

IRA deposits are insured separately to $250,000 by NCUA. Please see Signal Financial Truth in Savings Disclosure for details.

IRA Share Certificates

Earning you even higher dividends, our IRA Share Certificates4 are available in terms of 12 to 72 months, allowing you to lock in more earnings on funds you weren’t planning on touching anyway.

Term Amount to Open Dividend Rate APY5
12 Months $500 0.20% 0.20%
18 Months $500 0.20% 0.20%
24 Months $500 0.25% 0.25%
30 Months $500 0.25% 0.25%
36 Months $500 0.30% 0.30%
48 Months $500 0.30% 0.30%
60 Months $500 0.35% 0.35%
72 Months $500 0.40% 0.40%

IRA deposits are insured separately to $250,000 by NCUA. Please see Signal Financial Truth in Savings Disclosure for details.

Open Account

Boost Your Retirement Knowledge

Take ownership of your financial journey with Signal’s financial education solutions.

From our FREE monthly webinars, online calculators and courses, and Signal’s blog, our financial education tools and resources can help you understand your finances and be confident in your retirement decisions.

Not a member? Join the credit union committed to helping you be Signal Smart about your finances.

Rates effective as of May 30, 2024.

1 A distribution is qualified if the Roth Owner has met the two qualified distribution reasons. The first reason is the five-year waiting period for distribution and the second qualifying distribution reasons for the distribution penalty exceptions include; age 59 ½ or older, disability, death, first-time homebuyer.

2 APY = Annual Percentage Yield. The rates quoted above are accurate and effective for the above accounts as of the effective date indicated. Please see Deposit Rates for more details. Rates subject to change.

3 The total contributions for a child (referred to as the “Designated Beneficiary” of and ESA) cannot be more than $2,0000 per year no matter how may ESAs have been established for the child or how many people are contributing on behalf of the child.

4 IRA Share Certificates subject to Signal Financial Federal Credit Union penalties upon early withdrawal.

5 APY = Annual Percentage Yield. The rates quoted above are accurate and effective for the above accounts as of the effective date indicated. Certificate rates remain fixed for the term of the certificate. Unless otherwise paid, dividends for certificates of 12 to 72 months are compounded daily and paid monthly. Fees or other conditions could reduce the earnings on the account. A penalty may be imposed for withdrawals before maturity. Please see the Truth in Savings Disclosure for more information. Penalties assessed by the IRS may apply for withdrawals. If you have any questions or need current rate information on your accounts, please call 301-933-9100 x 298.

Bank easier, bank faster, and bank better with Signal Financial Federal Credit Union.
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