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IRAs

Save Today, Retire Tomorrow

Plan for a more predictable and comfortable retirement with a La Capitol IRA. Select from our traditional IRA, a Roth IRA for higher income brackets or a Bonus IRA account, that awards extra earnings to members with a La Cap checking account.

It’s never too early to start saving. Explore our options below, and find a traditional or Roth IRA plan that fits your budget.

Visit your local branch to open your IRA today.

Bonus IRA

  • Pays 5% APY*
  • No minimum balance
  • No minimum deposit requirements
  • No maintenance fee

Make saving easier by using payroll deductions to make direct deposits to your La Cap IRA. Step into your nearest La Cap branch to open your Bonus IRA and start earning 5% APY.*

Traditional IRA

  • May be tax deductible
  • Taxes on earnings are deferred until the time of withdrawal
  • Can be opened as a floating rate account or a certificate

Individuals must have be actively earning income to be eligible to make tax-year contributions/deposit to the account.

Roth IRA

  • Only allows nondeductible contributions
  • Feature tax-free withdrawals for certain distribution reasons after a five-year holding period
  • Contributions are taxed in the year they are earned

Beneficial for people who expect to be in a higher tax bracket upon retirement.

Disclosures

*APY = Annual Percentage Yield. Bonus IRA  is a term share account. La Cap may change the dividend rate for your account as determined by the credit union Board of Directors. The APY is available on new contributions made to your account this year. The maturity date is December 31 of the year the contribution was made. No minimum balance is required to open a Bonus IRA  account or to obtain the disclosed APY. IRA transfers or rollovers from another financial institution or retirement plan do not qualify for this special Bonus IRA rate. Dividends earned are posted and compounded monthly. Applicable fees and conditions could reduce the earnings on your account. Substantial penalties for early withdrawal.

IRA Certificate Account is a term share account.  The Annual Percentage Yield is fixed at the time you make the initial deposit to open or renew the account, and will not change during the term of the Certificate.

IRA Floating Rate Account is a variable rate account with no maturity.  No minimum deposit is required to open this account or to obtain the disclosed Annual Percentage Yield. La Cap may change the dividend rate for your account as determined by the credit union Board of Directors.

Dividends earned are posted and compounded monthly. Applicable fees and conditions could reduce the earnings on your account. Substantial penalties for early withdrawal.

**You should consult your tax professional to see what specific tax advantages apply to your situation.

1 La Cap Liquid Asset Checking The minimum deposit to open is $2,500.00. The dividend rate is .10% accurate as of 8/2/2021 and subject to change without notice. The $8.00 monthly service charge for a low balance is waived with a $2,500.00 average daily balance in the statement period. Dividends are calculated on an average daily balance method, compounded, and credited monthly. Fees may reduce earnings.

2 Elite Saver: This savings account earns a higher rate than a Regular Savings account and is available only to members who have a Choice or Liquid Assets Checking account. The Elite Saver account is an optional product offering. Liquid Assets account holders are not required to open an Elite Saver account. If you choose to open an Elite Saver account, you must maintain a minimum daily balance of $5,000.00 in your Elite Saver account to avoid a low balance fee. If your balance falls below the required minimum average daily balance at any time during the month, your Elite Saver account will be subject to a low balance fee of $5.00.
 

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