Individual Retirement Accounts (IRAs)

Start building your future by saving for college, retirement and other long-term goals.

Open an Account
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Save for What's Ahead
An Individual Retirement Account (IRA) is an important part of a diversified savings plan and may be a smart investment. IRAs can help you prepare for retirement or education expenses while offering potential tax benefits.
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Traditional IRA

Perfect for: saving for retirement

In a traditional IRA, your contributions may qualify for tax deductions, reducing your taxable income. Your earnings grow tax-deferred, meaning they accumulate without facing additional taxes until you withdraw the funds, commonly during retirement when your tax bracket is lower. Choose from savings, money market, and certificate account options to fit your savings strategy.

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Roth IRA

Perfect for: saving for retirement

Contributions are not tax deductible, but the funds within a Roth IRA grow tax-free, as taxes have already been paid on your contributions. Qualified distributions may be tax-exempt. Choose from savings, money market, and certificate account options to fit your savings strategy.

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Coverdell Education Savings Account (ESA)

Perfect for: saving for education expenses

Withdrawals for qualified education expenses are tax-free. Choose from savings, money market, and certificate investment options to fit your savings strategy.

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Become a member, be treated like an owner.

Open an Account

 

Membership at Pacific Service Credit Union is subject to all terms, conditions, and eligibility requirements applicable to membership and account ownership. Visit the following webpages for complete membership eligibility and current rates. Some restrictions apply. Membership requires the opening of a primary savings account with a minimum balance of $5.00.

To open an IRA or ESA account or for more information, please call a member service representative at (888) 858-6878. IRA and ESA options may provide tax benefits. Contact a tax advisor for details. Fees may reduce earnings and a penalty may be imposed for early withdrawals. Additional penalties may be assessed by federal and state tax authorities under regulations governing IRAs. $500 minimum required to open an IRA certificate and earn dividends.

Pacific Service Credit Union does not offer financial or tax advice. Please consult a tax advisor to discuss tax advantages and IRA types for further details.