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Prepare with IRA solutions

Be future-ready with traditional or Roth IRA savings and savings certificates.

Contact us about IRAs

Earn returns on secure retirement savings

Traditional IRA
Contribute pre-tax dollars and pay taxes at withdrawal.
Roth IRA
Contribute after-tax dollars and make qualified withdrawals tax-free.
IRA Certificates
Get a fixed rate of return on your retirement funds.
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Get more with Relationship Rewards

Relationship Rewards is a free program you're automatically enrolled in when you become a member. You earn points for doing various banking activities with us – and every point can help you level up! The higher your Relationship Rewards level, the more benefits you get.

Which retirement account is right for you?

 
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

Want to see all our current rates? Check out our rates page.

See all rates

Traditional IRA savings

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.

  • No monthly or annual fees
  • No minimum deposit or minimum balance
  • Can be converted to a Roth IRA for tax advantages1
  • Free Online Banking and eStatements

Meet with one of our specialists to set up a Traditional IRA savings account.

 


Roth IRA savings

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.

  • No monthly or annual fees
  • No minimum deposit or minimum balance
  • Free Online Banking and eStatements

Meet with one of our specialists to set up a Roth IRA savings account.

 


IRA savings certificates

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.

  • Available for traditional and Roth IRAs
  • No monthly or annual service fees
  • Free mobile banking, Online Banking and eStatements

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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.

4

Applicable minimum daily balance required to obtain the stated Annual Percentage Yield (APY). 

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