Individual
retirement
accounts
Choose between a Traditional or Roth IRA to start saving for your future. Not sure which is right for you? View the differences below, or call us with questions at 501-202-2373!
Traditional IRA
1.50%
APY*
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Competitive Interest Rates
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No monthly maintenance fee
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No fee to transfer funds in and out
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At age 72 (or if you turned 70½ before January 1, 2020), automatically distribute your IRS required minimum distributions
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Deposit is insured up to $250,000 by NCUA
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Dividends compounded quarterly
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Contributions may be tax deductible, helping you to reduce your taxes now
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Great option when rolling over your pension or 401k
ROTH IRA
1.50%
APY*
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Competitive Interest Rates
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No minimum deposit. No maintenance fee
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Tax free qualified withdrawals
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Invest no matter you age, as long as you have earned income (when certain adjusted gross income requirements are met)
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No required minimum distributions
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No fees to transfer funds in and out of BHFCU
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Deposit is insured up to $250,000 by NCUA
Educational IRA
1.50%
APY*
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Competitive Interest Rates
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Educational IRA's exists to help pay for your child's education expenses such as tuition, books, and in some cases, room and board
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Withdrawals for certain qualified education expenses are tax-free
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Deposit is insured up to $250,000 by NCUA
*Rates and programs are subject to change at anytime without notice. Please call 501-202-2373 for the most up to date rate information.