Individual Retirement Accounts (IRA)
An IRA can help you prepare for retirement with tax-advantaged savings options tailored to your financial goals and timeline. Choose from Traditional or Roth IRAs, including flexible variable-rate accounts or fixed-rate IRA Certificates designed for steady, long-term growth.
Retirement Savings Designed for Your Future
Competitive Rates
Grow your retirement savings with competitive rates and dependable long-term earnings.
Flexible Retirement Savings Options
Use an IRA to complement other retirement accounts, savings plans, and investment strategies.
No Term Restrictions
Maintain flexibility with IRA savings options that are designed to fit your retirement timeline and goals.
Convenient Contributions & Transfers
Easily deposit or transfer funds into your IRA, or set up automatic contributions from your KCU savings, checking, or money market account.
Individual Retirement Account Rates
| Deposit Type | Minimum Balance** | Dividend Rate | APY* | Dividend Period |
|---|---|---|---|---|
| IRA Share | Incremental Deposit IRA | 0.10% | 0.10% | Monthly |
| 6 Month | $500 | 1.75% | 1.76% | Monthly |
| 1 Year | $500 | 1.75% | 1.76% | Monthly |
| 2 Year | $500 | 2.00% | 2.02% | Monthly |
| 3 Year | $500 | 2.05% | 2.07% | Monthly |
| 4 Year | $500 | 2.10% | 2.12% | Monthly |
| 5 Year | $500 | 2.20% | 2.22% | Monthly |
Traditional vs. Roth
Traditional IRA
A Traditional IRA is a tax-advantaged retirement savings account that lets you contribute pre-tax dollars, which may reduce your taxable income for the year. Earnings grow tax-deferred, meaning you won’t pay taxes on gains until funds are withdrawn during retirement. Withdrawals are then taxed as ordinary income.
- Immediate tax benefits
- Ideal for individuals expecting lower tax rates in retirement
Roth IRA
Unlike a Traditional IRA, a Roth IRA requires contributions with after-tax dollars, meaning you don’t get an immediate tax deduction. However, the real benefit lies in tax-free withdrawals during retirement. This makes the Roth IRA an attractive option for individuals who anticipate being in a higher tax bracket during retirement.
- Tax-free withdrawals in retirement
- No required minimum distributions
Resources For Saving
Explore Our Calculators
Support For Your Financial Future
Savings Accounts
Build healthy savings habits with flexible account options designed for everyday goals and future plans.
Certificates
Lock in competitive rates with fixed-term savings options designed for dependable long-term growth.
Money Market Accounts
Earn higher dividends while maintaining convenient access to larger savings balances.
Individual Retirement Account
Frequently Asked Questions
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What is an Individual Retirement Account (IRA)?
An IRA is a retirement savings account that helps you save for the future with potential tax advantages. Depending on the type of IRA, your contributions or earnings may receive favorable tax treatment to help your retirement savings grow over time.
How does an IRA work?
An IRA allows you to contribute money toward retirement savings, where your funds can earn dividends or interest over time. At Kohler Credit Union, IRA savings and IRA certificate options help your retirement funds grow through the power of compounding dividends.
What types of IRA accounts does Kohler Credit Union offer?
Kohler Credit Union offers IRA savings accounts and IRA share certificates, giving members the flexibility to choose between accessible retirement savings or fixed-term options based on their financial goals and retirement timeline.
What is an IRA share certificate?
An IRA share certificate is a retirement savings option that allows you to lock in a fixed dividend rate for a set term. It is designed for members who want predictable growth and a low-risk way to save for retirement.
Is my money safe in an IRA at Kohler Credit Union?
Yes. IRA funds at Kohler Credit Union are federally insured by the NCUA up to applicable limits, helping protect your retirement savings.
Can I withdraw money from my IRA anytime?
You can withdraw funds from an IRA, but withdrawals made before retirement age may be subject to taxes and penalties based on IRS guidelines and the type of IRA you have.
APY is accurate as of April 1, 2026 the last dividend declaration date.
*APY = Annual Percentage Yield. Early withdrawal penalties apply and will reduce earnings on account. Maintenance or activity fees could reduce earnings on account. Dividends compound and credit monthly. For full details, refer to the Truth in Savings Certificate Disclosure. Federally insured by NCUA. Membership required.
**Minimum balance required to earn the advertised APY