Individual Retirement Accounts (IRAs)
OFCU offers both Traditional and/or Roth IRAs. An IRA can help to plan for retirement, save for college expenses or help with the purchase of a first home. See an OFCU Representative for complete account details.
Your IRA is insured separately to $250,000 by NCUA, a United States Government Agency.
- $100 minimum to open a share
- $1,000 minimum to open a certificate
- No set up fees, No annual fees
- Automatic transfers and payroll deduction available
Rates for New Share / IRA Certificates
Effective December 20, 2024
| Term | Dividend Rate | Annual Percentage Yield (APY) |
|---|---|---|
| 6 months | 3.88% | 3.95% |
| 12 months | 3.93% | 4.00% |
| 18 months | 3.69% | 3.75% |
| 24 months | 3.45% | 3.50% |
| 36 months | 3.35% | 3.40% |
| 48 months | 3.35% | 3.40% |
| 60 months | 3.35% | 3.40% |
POSTING DATES: 2-28-2025 AND/OR, FOR SHARE AND IRA CERTIFICATES, THE MATURITY DATE of the certificate. This dividend declaration was declared by the board of directors on 2-19-2025. Dividend rates are subject to change. Contact any OFCU member service representative to confirm current rates. Fees could reduce the earnings on accounts. Membership eligibility requirements apply. Minimum deposit to open a Regular Savings is $25. Minimum deposit to open a Share IRA is $100. APY is earned if dividends remain in the account for one year. Minimum deposit to open Money Market Account is $2,500, with a minimum balance of $2,500 to earn dividends.
Minimum balance for certificates is $1,000. Fees could reduce earnings. Early withdrawal penalties do apply, see representative for current penalties and complete account details.
More Savings Options
Money Market
Access higher dividend rates than saving accounts and limited check writing privileges.
Elite Checking
powered by BaZing A powerful new way to save money! Browse. Shop. Save. Protect.
TruStage
Get an instant, no obligation quote or explore your coverage option for Life, Home, Auto & AD&D.
Not insured by the NCUA.
GreenPath Financial Wellness
offers you access to debt management services.
Not insured by the NCUA.