IRA
IRA
OE Federal’s Individual Retirement Accounts (IRA) make it easy to start saving some of your hard-earned cash for when you’re ready to retire. Whether you open a Traditional IRA or a Roth IRA, you will be ready to hang up your hardhat and enjoy your golden years when the time comes.
- Start with as little as $100
- Choose between tax-deferred or tax-free earnings
- Compounded monthly
- Avoid penalties by withdrawing at retirement
- Easy way to invest in your future
Ira Share Accounts
MINIMUM INITIAL DEPOSIT: $100
| MIN. TO EARN DIVIDEND | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $100 MINIMUM | ||
| $100 | 0.08% | Monthly |
| $5,000 | 0.09% | Monthly |
| $20,000 | 0.10% | Monthly |
| $50,000 | 0.12% | Monthly |
*A penalty will be assessed for early withdrawal
All rates are subject to change without notice. For the most up-to-date rates, please call or text us at 800.877.4444. The Annual Percentage Yield (APY) stated for all accounts is accurate as of the date listed. Annual Percentage Yield assumes deposits, and dividends paid, are held to maturity. Penalties may be applied for early withdrawal on term accounts. Fees could reduce actual earnings. Refer to “Terms and Conditions” for other account information.
Information accurate as of September 11, 2024.
IRA Certificate Accounts
MINIMUM INITIAL DEPOSIT: $1,000
| ACCOUNT | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $1,000 MINIMUM | ||
| 3 Month | 2.40% | Monthly |
| 6 Month | 2.50% | Monthly |
| 9 Month** | 4.75% | Monthly |
| 12 Month | 2.90% | Monthly |
| 18 Month | 3.15% | Monthly |
| 24 Month | 2.90% | Monthly |
| 36 Month | 2.90% | Monthly |
| 48 Month | 3.00% | Monthly |
| 60 Month | 3.15% | Monthly |
*A penalty will be assessed for early withdrawal
All rates are subject to change without notice. For the most up-to-date rates, please call or text us at 800.877.4444. The Annual Percentage Yield (APY) stated for all accounts is accurate as of the date listed. Annual Percentage Yield assumes deposits, and dividends paid, are held to maturity. Penalties may be applied for early withdrawal on term accounts. Fees could reduce actual earnings. Refer to “Terms and Conditions” for other account information.
**Automatically renews to a 6 Month Certificate. This is a limited time offer and can be withdrawn at any time. The APY stated is accurate as of 9/7/2023. All rates are subject to change without notice. For the most up-to-date rates, please call or text us at 800.877.4444. APY assumes deposits and dividends paid are held to maturity. Penalties may be applied for early withdrawal. Fees could reduce actual earnings. Refer to Account Agreements and Disclosures for additional account information.
Information accurate as of September 11, 2024.
Coverdell Educational Share Accounts
MINIMUM INITIAL DEPOSIT: $50
| MIN. TO EARN DIVIDEND | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $100 | 0.08% | Monthly |
| $5,000 | 0.09% | Monthly |
| $20,000 | 0.10% | Monthly |
| $50,000 | 0.12% | Monthly |
*A penalty will be assessed for early withdrawal
All rates are subject to change without notice. For the most up-to-date rates, please call or text us at 800.877.4444. The Annual Percentage Yield (APY) stated for all accounts is accurate as of the date listed. Annual Percentage Yield assumes deposits, and dividends paid, are held to maturity. Penalties may be applied for early withdrawal on term accounts. Fees could reduce actual earnings. Refer to “Terms and Conditions” for other account information.
Information accurate as of September 11, 2024.
Coverdell Educational Certificate Accounts
MINIMUM INITIAL DEPOSIT: $1000
| ACCOUNT | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $1000 MINIMUM | ||
| 3 Month | 2.40% | Monthly |
| 6 Month | 2.50% | Monthly |
| 9 Month** | 4.75% | Monthly |
| 12 Month | 2.90% | Monthly |
| 18 Month | 3.15% | Monthly |
| 24 Month | 2.90% | Monthly |
| 36 Month | 2.90% | Monthly |
| 48 Month | 3.00% | Monthly |
| 60 Month | 3.15% | Monthly |
*A penalty will be assessed for early withdrawal
All rates are subject to change without notice. For the most up-to-date rates, please call or text us at 800.877.4444. The Annual Percentage Yield (APY) stated for all accounts is accurate as of the date listed. Annual Percentage Yield assumes deposits, and dividends paid, are held to maturity. Penalties may be applied for early withdrawal on term accounts. Fees could reduce actual earnings. Refer to “Terms and Conditions” for other account information.
**Automatically renews to a 6 Month Certificate. This is a limited time offer and can be withdrawn at any time. The APY stated is accurate as of 9/7/2023. All rates are subject to change without notice. For the most up-to-date rates, please call or text us at 800.877.4444. APY assumes deposits and dividends paid are held to maturity. Penalties may be applied for early withdrawal. Fees could reduce actual earnings. Refer to Account Agreements and Disclosures for additional account information.
Information accurate as of September 11, 2024.
Related Products and Services
IRA Certificate
Learn MoreShare Certificates
Learn MoreSavings Accounts
Learn MoreCoverdell Educational Savings Account
Learn MoreCompare Savings Accounts
Learn MoreBlog
Learn MoreIra Share Accounts
MINIMUM INITIAL DEPOSIT: $100
| MIN. TO EARN DIVIDEND | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $100 MINIMUM | ||
| $100 | 0.08% | Monthly |
| $5,000 | 0.09% | Monthly |
| $20,000 | 0.10% | Monthly |
| $50,000 | 0.12% | Monthly |
*A penalty will be assessed for early withdrawal
All rates are subject to change without notice. For the most up-to-date rates, please call or text us at 800.877.4444. The Annual Percentage Yield (APY) stated for all accounts is accurate as of the date listed. Annual Percentage Yield assumes deposits, and dividends paid, are held to maturity. Penalties may be applied for early withdrawal on term accounts. Fees could reduce actual earnings. Refer to “Terms and Conditions” for other account information.
Information accurate as of September 11, 2024.
IRA Certificate Accounts
MINIMUM INITIAL DEPOSIT: $1,000
| ACCOUNT | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $1,000 MINIMUM | ||
| 3 Month | 2.40% | Monthly |
| 6 Month | 2.50% | Monthly |
| 9 Month** | 4.75% | Monthly |
| 12 Month | 2.90% | Monthly |
| 18 Month | 3.15% | Monthly |
| 24 Month | 2.90% | Monthly |
| 36 Month | 2.90% | Monthly |
| 48 Month | 3.00% | Monthly |
| 60 Month | 3.15% | Monthly |
*A penalty will be assessed for early withdrawal
All rates are subject to change without notice. For the most up-to-date rates, please call or text us at 800.877.4444. The Annual Percentage Yield (APY) stated for all accounts is accurate as of the date listed. Annual Percentage Yield assumes deposits, and dividends paid, are held to maturity. Penalties may be applied for early withdrawal on term accounts. Fees could reduce actual earnings. Refer to “Terms and Conditions” for other account information.
**Automatically renews to a 6 Month Certificate. This is a limited time offer and can be withdrawn at any time. The APY stated is accurate as of 9/7/2023. All rates are subject to change without notice. For the most up-to-date rates, please call or text us at 800.877.4444. APY assumes deposits and dividends paid are held to maturity. Penalties may be applied for early withdrawal. Fees could reduce actual earnings. Refer to Account Agreements and Disclosures for additional account information.
Information accurate as of September 11, 2024.
Coverdell Educational Share Accounts
MINIMUM INITIAL DEPOSIT: $50
| MIN. TO EARN DIVIDEND | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $100 | 0.08% | Monthly |
| $5,000 | 0.09% | Monthly |
| $20,000 | 0.10% | Monthly |
| $50,000 | 0.12% | Monthly |
*A penalty will be assessed for early withdrawal
All rates are subject to change without notice. For the most up-to-date rates, please call or text us at 800.877.4444. The Annual Percentage Yield (APY) stated for all accounts is accurate as of the date listed. Annual Percentage Yield assumes deposits, and dividends paid, are held to maturity. Penalties may be applied for early withdrawal on term accounts. Fees could reduce actual earnings. Refer to “Terms and Conditions” for other account information.
Information accurate as of September 11, 2024.
Coverdell Educational Certificate Accounts
MINIMUM INITIAL DEPOSIT: $1000
| ACCOUNT | ANNUAL PERCENTAGE YIELD | COMPOUNDING PERIOD |
| $1000 MINIMUM | ||
| 3 Month | 2.40% | Monthly |
| 6 Month | 2.50% | Monthly |
| 9 Month** | 4.75% | Monthly |
| 12 Month | 2.90% | Monthly |
| 18 Month | 3.15% | Monthly |
| 24 Month | 2.90% | Monthly |
| 36 Month | 2.90% | Monthly |
| 48 Month | 3.00% | Monthly |
| 60 Month | 3.15% | Monthly |
*A penalty will be assessed for early withdrawal
All rates are subject to change without notice. For the most up-to-date rates, please call or text us at 800.877.4444. The Annual Percentage Yield (APY) stated for all accounts is accurate as of the date listed. Annual Percentage Yield assumes deposits, and dividends paid, are held to maturity. Penalties may be applied for early withdrawal on term accounts. Fees could reduce actual earnings. Refer to “Terms and Conditions” for other account information.
**Automatically renews to a 6 Month Certificate. This is a limited time offer and can be withdrawn at any time. The APY stated is accurate as of 9/7/2023. All rates are subject to change without notice. For the most up-to-date rates, please call or text us at 800.877.4444. APY assumes deposits and dividends paid are held to maturity. Penalties may be applied for early withdrawal. Fees could reduce actual earnings. Refer to Account Agreements and Disclosures for additional account information.
Information accurate as of September 11, 2024.
Individual Retirement Account (IRA) Fees
| Withdrawal from a Traditional or Roth IRA prior to age 59 1/2 | $50.00 |
| Withdrawal from an Educational IRA prior to age 18 | No Fee |
| Transfer or Rollover | $50.00 |
Frequently Asked Questions
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What is the difference between a Traditional IRA or a Roth IRA?
With a Traditional IRA, you defer taxes now, but pay taxes on your withdrawals during retirement and requires that you begin taking distributions when you reach age 72 on or after 2020 (previously 70 ½). With a Roth IRA, the contributions made are from your after-tax income and generally allow you to make tax-free withdrawals after retirement at age 59 ½ or older
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What does compounded monthly mean?
Compound interest allows you to earn interest not only on the amount you deposited, but on the total amount you have in your account – that includes the interest you earned before.
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Is there a maximum contribution amount?
The maximum annual contribution amount is $6,000 if you under age 50. The annual amount can change. Check irs.gov for the most current contribution limits.
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Is there a minimum to earn dividends?
The minimum needed to earn dividends is $100.
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Is the IRA Certificate Account a Traditional or Roth?
We offer both Traditional and Roth IRA Certificate accounts