INDIVIDUAL RETIREMENT ACCOUNTS
North Star Community Credit Union offers three types of IRAs: Traditional, Roth, and Educational. With a minimum investment of $500.00, an IRA share certificate can be purchased. The same terms apply to the IRA share certificates that apply to the regular share certificates. An IRA share account is also available to help you save until the $500.00 minimum is reached to purchase an IRA certificate. Dividends are calculated, paid quarterly, and at maturity. Dividends are added to the principal. Early withdrawal results in a penalty.
Current Rates Effective April 16, 2024
IRA share Accounts: Traditional, Roth, or Educational
| Account Type | Dividend Rate | APY** |
|---|---|---|
| IRA Share Account | 0.20% | 0.20% |
Annual Percentage Yield (APY**) assumes dividends calculated on daily balance and paid monthly. Rates expressed as APY (annual percentage yield).
APY** accurate as of the last dividend declaration date. Rates may change after the account is opened.
IRA Share Certificates: Traditional, Roth, or Educational
| Term ($500.00 Minimum Deposit) | Dividend Rate | APY** |
|---|---|---|
| 1 Year | 3.70% | 3.75% |
| 2 Years | 3.80% | 3.85% |
| 3 Years | 3.85% | 3.91% |
| 4 Years | 3.90% | 3.96% |
| 5 Years | 4.20% | 4.27% |
Annual Percentage Yield (APY**) assumes dividends added to principal quarterly.
Members should contact an employee for further information about applicable fees & terms.
Penalty will be imposed for early withdrawals. Fees may reduce earnings on the account.
Rates expressed as APY** (annual percentage yield) and may change at any time.
