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Individual Retirement Accounts (IRA)

Saving for the Future: We make it flexible and affordable


Saving for retirement is important, and we're here to help. An IRA provides a smart way to save for the future and benefit from tax advantages. There are no set-up or maintenance fees, just savings that increase over time-plus, you earn competitive dividends that will help your nest egg grow.

Tax-Advantaged* Retirement Savings

  • Competitive dividend rates
  • Traditional and Roth IRA options
  • No set-up fees
  • No monthly or annual maintenance fees
  • $500 minimum deposit to open IRA share certificate

Traditional vs. Roth IRA

Traditional and Roth IRAs each offer unique tax advantages to help you save for retirement. What's the difference?

Traditional IRA contributions may be tax deductible. And taxes on dividends are deferred until retirement. Roth IRA contributions are not tax deductible, but earnings accumulate tax-free and remain tax-free upon distribution. Compare below and consult your tax advisor to determine which is right for you. 



Traditional IRA

  • No income limits to open
  • No minimum contribution in any year allowing flexibility
  • Contributions may be tax deductible and taxes on dividends are deferred until retirement*
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty**
  • Mandatory withdrawals required based on age

Roth IRA

  • Income limits to open Roth IRA
  • Contributions are NOT tax deductible
  • Principal contributions can be withdrawn without penalty*
  • Withdrawals on interest can begin at age 59½
  • Early withdrawals on interest subject to penalty**
  • No mandatory distribution age
  • No age limit on making contributions as long as you have earned income



*Subject to additional conditions. Consult a tax advisor. Any information provided to you is for general information purposes and neither constitutes, nor should be relied upon, as tax, legal, or investment advice. The member is advised to consult with a competent tax advisor for additional tax information.

**Certain exceptions apply, such as health care, purchasing first home, etc. Consult a tax advisor. Any information provided to you is for general information purposes and neither constitutes, nor should be relied upon, as tax, legal, or investment advice. The member is advised to consult with a competent tax advisor for additional tax information.












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Personal Checking Accounts

Unique accounts to fit your unique needs.

Transcend Credit Union has a variety of personal checking accounts to accommodate your lifestyle.

Explore Checking Accounts