Effective Monday, March 6, 2017, our branch hours will change. Please visit the ATMs & Branches page for more details.

Ensure the safety of your future retirement; don’t wait to open an Individual Retirement Account (IRA). Can’t decide between a Traditional or Roth IRA? See all the benefits a River City IRA has to offer.

  • No minimum balance requirement
  • Earn Annual Percent Yield
  • Earn Membership Dividends

River City FCU offers several types of IRAs, including Traditional, Roth, Simplified Employee Pension (SEP) IRAs, and IRA term share certificates. We also offer Coverdell Education Savings Accounts (formerly Coverdell IRAs).

Traditional and Roth IRAs are among our most popular IRA offerings. To choose the IRA that works best for you, consider the following:

Choose a Traditional IRA if you:

  • Are eligible for this deduction
  • Anticipate a higher tax rate while saving and a lower one during retirement
  • Plan to withdraw at least the required minimum distribution amounts during retirement
  • Aren’t concerned about tax implications to beneficiaries

Choose a Roth IRA if you:

  • Aren’t eligible for the Traditional IRA deduction or to contribute to it because of the age limit (70.5 years)
  • Anticipate a lower tax rate while saving and a higher one during retirement
  • Want to avoid the required minimum distribution amounts
  • Are concerned about tax implications to beneficiaries

Individuals under 50 years old can contribute up to $5,500 every year; people 50 and over can contribute an additional $1,000 for $6,500 total. Contributions can’t total more than your annual compensation.  Talk to your Tax Advisor for more information about annual IRA contribution limits.

If you’re still not sure which IRA option is best for you or would like to learn more about investing, contact our financial advisor, Jessica McCord, at (210) 232-3091, or jmccord@infinexgroup.com.


Becoming a River City member just got easier! Apply in branch or by phone.

In Branch

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Terms for account balance $1,000 to $99,999.99 Dividend Rate APY*
Six months 0.44% 0.45%
1 year 0.79% 0.80%
2 years 0.89% 0.90%
3 years 1.09% 1.10%
4 years 1.19% 1.20%
5 years 1.39% 1.40%

Terms for account balance $100,000 plus Dividend Rate APY*
Six months 0.49% 0.50%
1 year 0.84% 0.85%
2 years 0.94% 0.95%
3 years 1.14% 1.15%
4 years 1.24% 1.25%
5 years 1.44% 1.45%

IRA Share Account Dividend Rate APY*
IRA Share 0.40% 0.40%


 

*APY stands for Annual Percentage Yield.

Dividend rates are in effect as of January 11, 2017, and subject to change without prior notice.

Minimum balance is $1,000 for Share Certificate and IRA.

Any Share Certificate term and balance tier may be used to establish an Individual Retirement Account Certificate.

IRA withdrawals before age 59 1/2 years of age are subject to certain IRS penalties.

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