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Be future-ready with traditional or Roth IRA savings and savings certificates.
Contact us about IRAs
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Traditional & Roth IRA savings account | IRA Savings Certificate | |
Intended for | Saving for retirement by growing your money with tax advantages.1 | Getting a fixed rate of return on your retirement funds. |
Today’s rates | {rate-token-1}% APY2 | APY3 as high as {rate-token-2}% |
Minimum balance requirement4 | None | $1,000 |
Available terms | Not applicable | 6 months to 5 years |
Contributions may be tax-deductible, reducing current taxable income.1 This is beneficial for people who anticipate being in the same or lower tax bracket when they start taking withdrawals. Mandatory withdrawals start at age 73, ensuring gradual distribution. Members with a Traditional IRA may also qualify to set up direct deposit for their IRA contributions.
Meet with one of our specialists to set up a Traditional IRA savings account.
Diversify your retirement income sources by growing your earnings tax-free (you pay taxes upfront on contributions)1 and with no mandatory withdrawals, allowing funds to potentially grow longer. This is beneficial for people who anticipate being in a higher tax bracket when they start taking withdrawals. Contributions can be made beyond age 72 if you have earned income.
Meet with one of our specialists to set up a Roth IRA savings account.
IRA savings certificates put you in control of your retirement earnings. Lock in a fixed rate of return and get the security of knowing your funds are insured.
Disclosures
1
Desert Financial and its affiliates do not provide tax, legal, or accounting advice. You should consult your personal tax, legal, and accounting advisors for advice related to your specific tax situation.
2
Annual Percentage Yield (APY) rates are subject to change without notice and may change after the account is opened. For complete account terms and conditions, refer to our Statements of Terms, Conditions and Disclosures.
3
Interest rates and APYs are fixed for the term of the certificate and are determined by the length of the term. Dividends are credited and compounded monthly on the last day of the month. Early withdrawal penalties may apply. Fees could reduce the earnings on the account. For complete account terms and conditions, refer to our Statements of Terms, Conditions and Disclosures.
