Plan for a more predictable and comfortable retirement with a La Capitol IRA. We offer both traditional IRAs and Roth IRAs. In addition, our Bonus IRA gives you the opportunity to earn up to 7% APY* on contributions made until December 31 of the year the account is opened.
It’s never too early to start saving.
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Bonus IRA
- Pays 7% APY*
- No minimum balance
- No minimum deposit requirements
- No maintenance fee
- Available as a Roth or Traditional IRA
Make saving easier by using payroll deductions to make direct deposits to your La Cap IRA. Step into a La Cap branch or apply online to open your Bonus IRA and start earning 7% APY.*New member? Open an account. Already a member? Add a Bonus IRA today!
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IRA Certificates
La Cap offers a variety of IRA certificates with varying minimum opening balances and corresponding rates to suit your financial needs. It’s a great option for those looking to lock in earnings and plan with confidence.
- An IRA Certificate allows you to earn more at a rate and term that are set when you open the account.*
- Available as a Traditional or Roth IRA
In celebration of our 65th anniversary, take advantage of a limited-time IRA Certificate with just a $650 minimum opening balance and minimum to earn dividends—making it easier to start growing your retirement savings.*
Open an Account Add IRA Certificate
New member? Open an account. Already a member? Add a IRA Certificate today!
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Floating Rate IRA
La Cap offers Floating Rate IRAs with rates tied to a financial index, allowing your earnings to adjust over time as market conditions change. It’s a great option for those looking for flexibility and the potential to benefit from rising rates.
- An IRA with a floating rate has a rate that is tied to an index. The IRA rate will vary as the index changes.*
- Available as a Traditional or Roth IRA
Open an Account Add Floating Rate IRA
New member? Open an account. Already a member? Add a Floating Rate IRA today!
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IRA Rates
Individual Retirement Accounts (IRAs) Effective Date: 10/09/2026 Traditional & Roth IRA Annual Percentage Yield (APY) APY with La Cap Checking1 Minimum Opening Balance Dividend Credited Term Minimum Balance to Earn Dividends Certificate Account 3.95% 4.35% $650.00 Monthly 2 Years $650.00 Certificate Account 4.05% 4.45% $20,000.00 Monthly 2 Years $20,000.00 Floating Rate Account 0.25% 0.25% $0.00 Monthly --- --- Bonus IRA Account2 7% --- $0.00 Monthly Dec. 31 of contribution year --- 1Receive an additional 0.40% Annual Percentage Yield (APY) on share certificates if you have a La Capitol checking account. Additional 0.40% APY remains in effect for term of share certificate as long as checking account is open. If checking account is closed, the additional 0.40% will be removed from the certificate. Offer subject to change without notice.
2APY = 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 Types
Retirement Planning Resources
Whether you're exploring your retirement options or managing an existing IRA, Retirement Central® provides retirement planning tools, educational resources, calculators, FAQs, and convenient online access to eligible IRA account services.
Frequently Asked Questions
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What is eligible compensation?
Eligible compensation is an individual's taxable income earned by actively working.
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What is an IRA spousal contribution?
In order to make tax-year contributions (deposits) into an IRA account, an individual must have been actively earning income during that year.
If your spouse does not work or has not worked during the specific tax-year a contribution is being made, they can still open an IRA in their name; however, they will not be able to make contributions during a year that they have not worked. Instead, their working spouse may make contributions, known as spousal contributions, to the account on their behalf. In order to do this, a few rules must be followed:
- Your tax status must be married filing jointly.
- Your combined IRA contributions cannot exceed the working spouse’s income.
- You still have to follow the IRS IRA MAGI guidelines regarding income and tax deduction eligibility.
- Since your spouse’s name is on the account, your spouse owns the account even though you are the one making the financial contribution.
NOTE: Always consult your tax professional to see what specific taxes apply to your situation. La Capitol FCU is not a tax advisor.
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What is the difference between an IRA transfer and IRA rollover?
IRA transfer – A transfer occurs when IRA assets move directly from one IRA to another IRA without the account owner taking custody of the assets.
IRA rollover – A rollover occurs when IRA assets paid directly to the account owner, and they then deposit funds payable to themselves as an IRA rollover into another or same IRA within 60-calendar days of receipt.
NOTE: IRS indicates one IRA-to-IRA rollover contribution per 12-month period, per individual (not per instrument).
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What is a qualified plan?
A qualified plan (QP) is a retirement plan established by an employer for the purpose of providing retirement benefits to its employees.
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What is a distribution rollover from an employer’s plan to an account owner?
Here are some details about distribution rollovers from an employer's plan to an account owner:
- The check is payable directly to account owner, who may then rollover retirement funds to a Traditional or Roth IRA within 60 calendar days of receipt.
- The account holder is subject to a mandatory 20 percent federal income tax withholding at time of the distribution.
- Any portion of the distribution paid directly to the member (including the 20 percent withheld by the employer) that is not rolled over to a traditional IRA may be taxed as ordinary income. If member is under age 59 ½, he or she may be subject to an additional 10 percent penalty tax.
NOTE: Always consult your tax professional to see what specific taxes apply to your situation. La Capitol FCU is not a tax advisor.
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What is a direct rollover from an employer’s plan?
In a direct rollover, the check is sent/paid directly from the employer's plan to the financial institution to be deposited into the account owner's Traditional IRA.
In an indirect rollover, the check is made payable to the credit union so that it can be deposited into member’s traditional IRA. This check may be mailed to account owner, who would then provide the check to the financial institution in order to complete the rollover into a Traditional IRA.
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What is a re-characterization?
In a re-characterization, an account owner may be able to treat an IRA contribution made to a Traditional IRA as having been made to a Roth IRA type or vice versa. For further details, you will need to speak with a tax specialist.
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What are some of the reasons for a re-characterization?
Contributions may be eligible for re-characterization if:
- A Roth IRA contribution is later found to be a deductible contribution.
- An account owner has exceeded their modified adjusted gross income limits for a contribution to a Roth IRA.
- A Traditional IRA contribution is later determined to be a non-deductible contribution.
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Are re-characterizations subject to federal income tax withholding?
Federal income tax withholding is not allowed when re-characterizing contributions. The re-characterized amount (contribution plus earnings attributable) is not a taxable transaction.
NOTE: Always consult your tax professional to see what specific taxes apply to your situation. La Capitol FCU is not a tax advisor.
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Do I need to report the amount re-characterized on my tax return to IRS?
Yes, you must report the amount re-characterized on your tax return to the Internal Revenue Service.
NOTE: Always consult your tax professional to see what specific taxes apply to your situation. La Capitol FCU is not a tax advisor.
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.