Individual Retirement Account (IRA)


IRAs are savings accounts designed to help wage earners save for retirement. Many members may still be eligible to deduct their IRA contributions from their taxable income. For them, IRAs are great investments. For those who may not take the deduction, an IRA still remains one of the best methods to save for retirement. Because IRA earnings are sheltered from taxes, IRAs grow faster than ordinary savings accounts.

Invest in one of our IRA Insured Investment Funds. The principal and dividends are insured up to $250,000.00. Earn competitive dividends for your future without risking your principal. And with the 1997 Tax Relief Law we can now add Roth and Educational IRA's.

  • A $5 minimum balance is required for IRA Shares.
  • A $500 minimum balance is required for IRA Share Certificates.
  • No monthly fees.
  • Contributions may be made in "lump sums" or by regular deposits to the IRA Share throughout the year.
  • Dividends are paid monthly.
  • The latest HiTel FCU IRA rates are available by calling or visiting any of our available branches.
 
Traditional

Traditional IRAs are designed to provide you money for your future. Your tax deductible contribution grows tax free & withdrawals are taxed as ordinary income.

If you want to learn more about this account, please click here.

 
Roth

Roth IRAs are designed to help individuals to save for their first home, higher education, and other qualified distribution reasons. Your nondeductible annual contributions are taken after taxes and qualified withdrawals are Tax Free.

To find out more about this account, click here.

 
Coverdell

Coverdell IRAs are designed specially for higher education needs. Your nondeductible annual contributions are taken after taxes and withdrawals are TAX FREE for qualified purposes.

If you are interested and want to learn more about this account, click here.


If you need more information about this account, please email New Accounts at newaccounts@hitelfcu.com or call 1-808-832-8700.