Start saving with a Traditional IRA
Benefits of Traditional IRAs
Invest in a Traditional IRA today and discover a secure retirement plan for your future! UCU's Traditional IRA accounts offer various terms and competitive rates that will align with your financial goals.
- Tax-deferred growth - allowing your money to grow quickly
- Potentially contribute by filing jointly with an income-earning spouse
- No income limits for contributions
- Your Traditional IRA contributions may be tax-deductible
- You can withdraw money, penalty-free, starting at age 59 ½
- Other penalty-free withdrawals are allowed in special circumstances
Rates for Traditional IRAs
Watch your savings soar
More ways to save!
Roth IRA
A Roth IRA is a great option for retirement savings. It lets you save after-tax money now and withdraw both your contributions and your earnings tax-free later in life. Unlike a Traditional IRA, a Roth IRA never requires withdrawals based on your age.
Roth IRA
Money Market Account
Money Market Account
Savings Account
Savings Account
Certificate of Deposit
Certificate of Deposit
Frequently asked questions
- What is a Traditional IRA? A Traditional IRA (Investment Retirement Account) is a powerful way to help you maximize your savings and grow your nest egg for retirement. Take advantage of tax-deferred growth until you withdraw your funds! Join University Credit Union and open an IRA today.
- How do Traditional IRAs work?
A Traditional IRA lets you save and earn dividends on a tax-deferred basis. At age 59 ½, you can begin making withdrawals without restrictions, but money withdrawn becomes taxable. Required minimum distributions are required after a certain age.Open a UCU IRA to start saving today.
- What are the advantages of a UCU Traditional IRA?
A Traditional IRA may allow you to earn more dividends on your money than the taxes you’ll have to pay when you withdraw your contributions, meaning you’ll have more funds available for retirement. Check out our IRA rates.
- Can I withdraw from a Traditional IRA early?
Certain circumstances will allow you to withdraw early without penalty. However, a Traditional IRA works best if you don’t touch your savings. Talk with one of our certified financial experts to learn more about IRA withdrawals.
- What are the main differences between a Traditional IRA and a Roth IRA?
Traditional IRAs let you contribute pre-tax dollars, but you must start making taxable withdrawals at a certain age. A Roth IRA lets you contribute post-tax dollars and withdraw contributions tax and penalty free at any age. Explore more about UCU IRAs.
University Credit Union offers membership to employees, students and alumni of UCLA, Pepperdine University, Loyola Marymount University, Santa Clara University, Saint Mary's College, UC Irvine, UC Davis, UC San Diego, Georgia Tech, University of Texas at Arlington, Abilene Christian University, Mount St. Mary's University, Chabot College and Las Positas College, West Coast Conference Universities, Western Athletic Conference Universities, and other universities throughout California. UCU offers a variety of products and services including checking accounts, credit cards, home mortgages, auto loans, personal loans, commercial loans, insurance, investments, as well as digital banking.