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Traditional IRA

rates & terms

Traditional IRAs offer potential tax deductions on contributions made, earnings are also tax-deferred until they are withdrawn.

Every wage earner qualifies for this type of IRA. Traditional IRAs offer potential tax deductions on contributions made, earnings are also tax-deferred until they are withdrawn. Required minimum distributions begin at age 72. Automatic withdrawals can easily be set up for member's convenience. Self employed members and qualified employers and employees are also eligible to contribute to a type of Traditional IRA called a SEP IRA.

If you have any questions or you would like to establish an IRA, please contact our IRA Specialist at 850.862.0111 x.1150 or email us via Secure Email.

IRA funds are insured up to $250,000 per depositor by the NCUA.

Traditional IRA rates & terms

Our Traditional IRAs have a current dividend rate of 3.95% and current annual percentage rate of 4.03%. In the previous quarter, our Traditional IRAs had a dividend rate of 3.95% and an annual percentage rate of 4.03%.

A $50 daily minimum balance is required to earn dividends. All Current APY and Dividend Rates shown are the current weekly rates in effect on 6/21/2024. Dividend rate and APY are variable and subject to change after the account is opened. The Previous APY and Dividend Rates stated are accurate as of the last dividend declaration date, which is the last day of the previous quarter.

Account Description Current Dividend Rate Current APY* Previous Dividend Rate Previous APY*
Traditional IRA 3.95% 4.03% 3.95% 4.03%
*APY = Annual Percentage Yield

  • Requires Eglin FCU Membership
  • Open with a minimum $5.00 contribution
  • No maturity date
  • Dividends are compounded daily and will be credited to your account every quarter
  • IRA funds are insured separately up to $250,000 per member by the National Credit Union Association (NCUA)