IRAs - Individual Retirement Accounts

An IRA is a personal investment plan for your future. You can defer taxed on both the principle and earned interest until distributions are taken in accordance with IRS regulations. This account must be opened with a minimum of $500.00 and must maintain at least a balance of $500.00.

 


 

Traditional IRAs

Roth IRAs

  • Special Tax Deferred savings plan
  • Earnings accumulate tax deferred until you make withdrawals
  • Contributions are tax-deductible for those who qualify
  • You can contribute to a traditional IRA if you earn compensation and will not reach the age 70 & ½ by the end of the year.
  • Maximum contribution limits are determined by the federal government and are based on your age, as well as the current year.
  • Never tax-deductible, but earnings accumulated can be tax free
  • Qualified distributions are tax-free
  • Contributions are allowed at any age as long as you continue to earn compensation and compensation is less than the limit set by Congress
  • Flexible withdrawal options are available
  • Maximum contribution limits are determined by the federal government and are based on your age, as well as the current year.

 


 

IRA CDs

Similar requirements to Traditional & Roth IRAs

Contact us for more information on the following IRAs:

  • 1 Year IRA CD
  • 2 Year IRA CD
  • 3 Year IRA CD

Click Here for IRA Forms

(Follow the link above for the IRA forms)

Contact us for current rates or for further questions

Certificates of Deposit

Earn a higher interest rate with a CD. Whether you choose a six month or a three year investment, a CD is one option to help you save for tomorrow.

Certificates of Deposit >>

Investment Planning

Advisors are available to help you with needs, beyond CDs and IRAs, pertaining to retirement planning, estate planning, life insurance, mutual funds, and more.

Investment Planning >>

Make Saving Easier
For assistance in saving for that something new, have Texas DPS Credit Union automatically transfer money from your checking to savings. A little at a time can add up to something big.
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Texas DPS Credit Union | 621 W. St. Johns Ave | Austin, TX 78752
Mailing Address | PO Box 15346 | Austin, TX 78761
Toll Free 1(877)252-9199 | Austin (512)452-5211

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