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HIGH-GROWTH IRA

Protect your retirement savings and earn high-growth interest rates

Individual Retirement Accounts (IRAs)

Advantis IRAs help you save for retirement, and potentially save on taxes, too.

A 401(k) account through your employer isn’t the only solution available to you to save for retirement. Our Individual Retirement Accounts (IRAs) let you choose from a variety of solutions to help you maximize your retirement savings and enjoy potential tax advantages and tax savings.

With an Advantis IRA you can:

  • Save for retirement with competitive interest rates
  • Choose the way you prefer to save with an IRA savings account, IRA certificate of deposit, or a combination of both
  • Grow your earnings tax-deferred until withdrawn
  • Get potential tax deductions on your Traditional IRA contributions
  • Potentially get distributions after retirement from your Roth IRA that are tax-free
  • Keep your funds secure – your deposits are federally insured by the National Credit Union Administration
  • Rollover funds from another qualifying plan to an Advantis IRA
  • See current IRA rates


GET STARTED:


Make your 2019 or 2020 contributions by July 15th

Another benefit of IRAs is that you have choices when it comes to your contributions. If you make an IRA contribution by July 15th you can choose to apply it to 2019 or 2020, whatever works best for you.* You can contribute up to $6,000 to an IRA applied to 2019, and $6,000 applied to 2020 (or $7,000 if you’re aged 50 or older). This can potentially reduce your taxable income and help you save on your tax bill.


IRA Rates

See how Advantis helps you earn more and save more for your retirement:


IRAs

Rates Effective 10/26/2017

Tier Annual Percentage Yield (APY)1
IRA Savings $0 - $2,499 0.05%

$2,500 - $24,999 0.10%

$25,000 - $49,999 0.20%

$50,000 or more 0.30%
Premium IRA Savings $0 - $2,499 0.00%

$2,500 - $24,999 0.05%

$25,000 - $49,999 0.60%

$50,000 or more 0.80%
1The APY may change after account opening. Minimum amount to open an IRA Savings or a Premium IRA Savings Account is $5. Transaction restrictions apply. IRA Plan closure fee may reduce earnings.


Transfer or rollover other retirement savings to our High-Growth IRA

Reduce your exposure to market volatility.
By shifting market investments into High-Growth Savings programs, you can reduce your risk exposures and better protect your hard-earned nest egg.

Many members approaching or enjoying retirement move other IRA, 401(k), and Solo(k) funds into our High-Growth IRA Savings. This proves a satisfying choice when concern over significant market losses becomes a risk too big to bear.

Other members appreciate this option when changing jobs or in response to change in family/marital status.

We recommend you consult with a Certified Professional Accountant (CPA) to help you decide if a rollover or a transfer is the better option for you. Once you’ve made your decision, we make it simple and easy to open (or boost) your High-Growth IRA Savings.

Contact us if you are interested in an IRA Rollover/Transfer

Read the rules on rolling over your retirement savings


GET STARTED:

Or call us at 503-785-2528 or visit a branch to open a High-Growth IRA Savings.

Save for retirement, and defer your taxes. Traditional IRA earnings grow tax-deferred until you begin to withdraw them. But, your Traditional IRA contributions are tax deductible every year that you invest the maximum allowed by law. Tax deferment can be valuable if you expect to pay significantly lower taxes after you retire (and begin drawing on your funds).

You’re qualified to open and contribute to a Traditional IRA for your High-Growth IRA Savings if you receive any taxable compensation during the calendar year, and you’re not yet 72 years of age at the end of that same calendar year.


Enjoy financial flexibility and tax-free income in your retirement. When you use a Roth IRA as the vehicle for you High-Growth IRA Savings, you may be able to withdraw regular contributions tax-free, without penalty at any time.** Roth IRA earnings are tax-deferred: You pay no taxes on your withdrawals if your account has been open for five tax years and if you’re withdrawing for a qualified reason.

The Roth IRA is often recommended for entry-level and mid-level professionals who still qualify for a lower tax bracket. At retirement, many investors move their Traditional or other IRA products to a Roth IRA to maximize savings.

Invest in education the smart way. Education IRAs (also known as Coverdell ESAs) are an empowering way to save for elementary, secondary, and college education expenses like tuition and fees, books and supplies, uniforms, and in some cases, room and board.

Unlike a 529 plan, parents, guardians, and students can use Education IRA earnings to cover costs at most public, private, and parochial schools. If you choose to open a High-Growth IRA Savings and pair it with an Education IRA, you can make non-tax-deductible contributions and invest cash for future and, potentially, tax-free education-related withdrawals.*











GET STARTED:


Or call us at 503-785-2528 to open a High-Growth IRA Savings.

Advantis IRA Center

      Visit THE Advantis IRA Center
  • Open a new IRA investment account, or manage your account online in our Advantis IRA Center
  • Review retirement planning resources, and jumpstart your conversation with our Wealth Management team
  • Explore current retirement products, prototype plans to meet you at your life stage, and run numbers with our helpful tools

Not-for-profit. All for you.

Advantis Credit Union is a not-for-profit financial cooperative. We are locally owned by our members, Instead of turning our earnings over to corporate stockholders (like banks do), you see credit union profits returned to you in our superior rates, lower and no fee financial products, plus more free membership services.

Learn about our cooperative difference


† The tax deduction for traditional IRA contributions may be phased out based on your modified adjusted gross income if you or your spouse actively participate in an employer-sponsored retirement plan. For all IRAs, contribution limits and other restrictions apply. The information on IRAs contained in this email and on our website is general in nature and is not intended as tax advice. Contact your tax advisor if you need guidance on selecting the best IRA option for you. Federally insured by NCUA. Consult your tax advisor for specific tax information. *You must designate if you want your contribution to apply for the prior tax year.



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