Individual Retirement Accounts (IRAs)


Save Now for Later

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 an IRA Plus account, which 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.

Traditional IRA

Traditional IRA contributions may be tax deductible in the year the contributions are made. The taxes on these earnings are deferred until the time of withdrawal. To be eligible to make contributions, individuals must be younger than age 70 ½ for the entire tax year in which contributions are made to the account. You may open your traditional IRA either as a certificate or in a floating rate account.

Open Account

Roth IRA

Roth IRAs allow only nondeductible contributions but feature tax-free withdrawals for certain distribution reasons after a five-year holding period. Because Roth IRA contributions are nondeductible and taxed in the year they are earned, they may be beneficial for people who expect to be in a higher tax bracket when they retire.

To be eligible to open and contribute to a Roth IRA, individuals and their spouses must meet a set of requirements for modified adjusted gross income for a given tax year. For information about these requirements, please call our Personal Assistance Line at 800.522.2748 to request further information. You may open your Roth IRA either as a certificate or in a floating rate account.

Open Account

IRA Plus

Members with a La Capitol checking account are eligible for an IRA Plus account. With no minimum balance and no minimum deposit requirements, you can start small and make contributions in any amount at any time (up to current year contribution limits). There's no maintenance fee, and you can make things even easier by using payroll deductions to make direct deposits to your La Cap IRA.

Open Account

  • Compare Accounts
    Traditional & Roth IRA APY1 APY with La Cap Checking2 Minimum Opening Balance Dividend Posted Term Minimum Balance to Earn Dividends
    Certificate Account 2.05% 2.55% $5,000.00 Monthly 2 Years $5,000.00
    Certificate Account 2.15% 2.65% $20,000.00 Monthly 2 Years $20,000.00
    Floating Rate Account 0.30% 0.30% $0.00 Monthly --- ---
    IRA Plus Account3 0.30% 4.00% $0.00 Monthly Dec. 31 of contribution year ---

    1 APY = Annual Percentage Yield.

    2 Receive an additional 0.50% Annual Percentage Yield (APY) on share certificates if you have a La Capitol checking account. Additional 0.50% APY remains in effect for term of share certificate as long as checking account is open. If checking account is closed, the additional 0.50% will be removed from the certificate. Offer subject to change without notice.

    3 IRA Plus is a term share account. La Cap may change the dividend rate for your account as determined by the credit union Board of Directors. In order to maintain the rate you receive on an IRA Plus, a checking account must remain open until maturity. If the checking account is closed before maturity, the IRA Plus rate will revert to the current IRA floating rate for the remainder of the term. 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 an IRA Plus account or to obtain the disclosed APY. IRA rollovers from another financial institution or retirement plan do not qualify for this special IRA Plus rate. Dividends earned are posted and compounded monthly. Applicable fees and conditions could reduce the earnings on your account. Substantial penalties for early withdrawal.