IRA
A Traditional IRA (Individual Retirement Account) could be beneficial for long-term retirement planning. PFCU offers a Traditional IRA Savings account and IRA Share Certificate. Many of our members find that income from IRAs augments their Social Security benefits in retirement.
IRA contributions may be made in a lump sum, by regular deposits, or by payroll deduction. You may also roll over a lump sum you receive from another qualified retirement account. We can help you figure out your options.
Contributions may be tax-deductible depending on your income, marital status and whether you have a retirement plan at work.
Taxes are deferred on earnings. Withdrawals can be made IRS penalty-free at age 59-1/2 and are taxed as ordinary income.
Additional benefit comes from possibly being in a lower tax bracket at retirement age.
IRA Savings Account
No minimum balance
Dividends are compounded and credited quarterly
| Minimum Balance To Open | Minimum Balance to obtain APY** | Dividend Rate | APY** |
|---|---|---|---|
| $0.00 | $0.00 | % | % |
IRA Share Certificates
Minimum deposit $1,000
Fixed-rate for the entire term of the certificate
Terms range from 3 months to 48 months
Dividends are compounded daily and credited monthly on the last day of the month
Schedule an appointment to speak to a member services representative about opening a traditional IRA by calling us at (609) 945-6200 Option 4.
IRA share Certificate Rates & Terms
| Term | Minimum Balance To Open | Minimum Balance To Obtain APY** | Dividend Rate | APY** |
|---|---|---|---|---|
| 3 Months | $1,000.00 | $1,000.00 | % | % |
| 4 Months SPECIAL | $1,000.00 | $1,000.00 | % | % |
| 6 Months | $1,000.00 | $1,000.00 | % | % |
| 9 Months | $1,000.00 | $1,000.00 | % | % |
| 12 Months | $1,000.00 | $1,000.00 | % | % |
| 13 Months SPECIAL | $1,000.00 | $1,000.00 | % | % |
| 18 Months | $1,000.00 | $1,000.00 | % | % |
| 24 Months | $1,000.00 | $1,000.00 | % | % |
| 36 Months | $1,000.00 | $1,000.00 | % | % |
| 48 Months | $1,000.00 | $1,000.00 | % | % |
| 60 Months | $1,000.00 | $1,000.00 | % | % |
**APY = Annual Percentage Yield. Minimum opening deposit of $1,000 required to open and maintain APY. PFCU membership required. Interest is compounded daily and posted monthly. Early withdrawal penalty is the lesser of 90 days dividends or dividends year-to-date. Fees may reduce earnings. Rates and terms are subject to change without prior notice. Other deposit products, rates, and services are also available. Princeton FCU is not responsible for any errors or misrepresentations. Insured by NCUA. Equal Housing Lender.