Maximize your retirement savings with a Traditional or Roth account. As your credit union, you can trust us to protect your money and help you achieve your goals. First Tech IRAs offer:

  • Accounts with flexible terms
  • Competitive savings and certificate rates
  • No set-up or monthly maintenance fees
IRA Savings Rates | IRA Certificate Rates

Learn more about IRA Savings and Certificates.

Comparison At-A-Glance

Traditional IRA

Roth IRA

Maximum Annual Contribution1 $5,500 (if under age 50)
$6,500 (age 50 and over)
$5,500 (if under age 50)
$6,500 (age 50 and over)
Tax Benefits2 Tax-deferred growth
Contributions may be tax-deductible
Tax-free growth
Tax-free qualified withdrawals
Earnings Grows tax-deferred until withdrawn Grows tax-free
Taxes Upon Withdrawal Qualified withdrawals are taxed as income3 None for qualified withdrawals4
Withdrawals Must Begin at Age 70.5 None
Fees No set-up or monthly maintenance fees No set-up or monthly maintenance fees

We recommend you consult a professional tax advisor to help determine the proper IRA for your financial goals.

1The maximum can be contributed to one or the other or split between both a Traditional and Roth account.

2Please consult your professional tax advisor.

3Withdrawals are subject to income taxes and, if withdrawn prior to age 59½, may also be subject to a 10% federal penalty.

4Unless certain criteria are met, Roth IRA owners must be 59½ or older and have held the IRA for five years before tax-free withdrawals are permitted.

For all certificate accounts, if you withdraw any portion of your principal before maturity, you may be charged a penalty of up to six month's dividends; however, there is no risk of loss to your principal. Required minimum distributions must begin at age 70 1/2 for Traditional IRAs. Required minimum distributions are not subject to early withdrawal penalties.