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Individual Retirement Accounts (IRAs)

Save today. Enjoy tomorrow. 

Whether retirement is years away or just around the corner, an Individual Retirement Account (IRA) can help you save for the future with tax-advantaged options designed to fit your retirement goals. Floridacentral offers both IRA Savings Accounts and IRA Share Certificates, giving you the flexibility to choose the retirement strategy that works best for you. 

SCHEDULE AN APPOINTMENT 

Save for Retirement at Your Own Pace

An IRA Savings Account is a great choice if you want to contribute regularly while growing your retirement savings over time. With competitive dividends and flexible contribution options, it’s designed for members who want to build their retirement savings steadily while maintaining access to their funds according to IRS guidelines.

Grow with Flexibility

Whether you’re just beginning to save for retirement or adding to your nest egg each year, an IRA Savings Account makes it easy to contribute over time while helping your savings grow. Available as either a Traditional or Roth IRA, it gives you the flexibility to choose the retirement strategy that best fits your financial goals.

Account Features

  • Competitive dividend earnings
  • Ongoing contributions based on current IRS annual contribution limits
  • Flexible retirement savings for long-term financial goals
  • Available as a Traditional or Roth IRA
  • Federally insured by NCUA

Lock In Your Retirement Earnings

If you prefer predictable earnings and don’t expect to use your retirement savings for several years, an IRA Share Certificate lets you lock in a fixed dividend rate for a specific term.

Plan with Confidence

Because your dividend rate stays the same throughout the certificate term, you’ll know exactly how your retirement savings will grow—regardless of changing market conditions.

Account Features

  • Fixed dividend rate for the entire certificate term
  • Variety of certificate terms available
  • Available as a Traditional or Roth IRA
  • Federally insured by NCUA

Which IRA Is Right for You?

Floridacentral offers both Traditional and Roth IRAs, giving you the flexibility to choose the retirement account that best fits your financial goals and tax situation. The right choice depends on when you’d like to receive potential tax advantages and your long-term retirement strategy.

Traditional IRA

  • Contributions may be tax-deductible1
  • Earnings grow tax-deferred
  • Taxes are generally paid when you withdraw funds during retirement

Roth IRA

  • Contributions are made with after-tax dollars
  • Qualified withdrawals in retirement are generally tax-free2
  • A great option for members who expect to be in a higher tax bracket later in life

Not sure which option is right for you? Our team is happy to answer questions and help you explore your options. We also encourage consulting a qualified tax professional regarding your individual tax situation.

Invest in Your Future

The sooner you begin saving for retirement, the more time your money has the potential to grow. Even small, consistent contributions can make a meaningful difference over time.

Save with Confidence

Your retirement savings are federally insured by the National Credit Union Administration (NCUA) up to the maximum amount allowed by law, giving you peace of mind as you plan for the future.

Build a Complete Retirement Strategy

An IRA is an important part of planning for retirement, but it doesn’t have to be your only savings tool. Floridacentral also offers Share Certificates, savings accounts, Wealth Management services, and personalized financial guidance to help you build a retirement strategy that fits your goals.

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Savings Account Rates

Account TypeRate3APY4
Regular Savings50.05%0.05%
Business Savings50.05%0.05%
$avvy $avings50.05%0.05%
Christmas Club0.05%0.05%
IRA Savings50.21%0.21%

Compare Savings Accounts

Keep Building Toward Your Goals

The right savings account is just the beginning. Explore additional products designed to help you make the most of your money.

Money Market Accounts

Earn higher dividends while maintaining convenient access to your savings.

Learn More

Share Certificates

Lock in a competitive fixed rate and watch your savings grow with guaranteed returns.

Learn More

Wealth Management

Receive personalized guidance and investment strategies tailored to your long-term financial goals.

Learn More

Financial Wellness

Explore calculators, articles, and educational resources to help you make informed financial decisions.

Learn More

IRA Account FAQs

Have questions about Individual Retirement Accounts (IRAs)? Whether you’re planning for retirement or deciding which IRA is right for you, we’re here to help.

An Individual Retirement Account (IRA) is a tax-advantaged account designed to help you save for retirement. Floridacentral offers both IRA Savings Accounts and IRA Share Certificates to help you build your retirement savings with confidence. 

An IRA Savings Account is a great choice if you want to make ongoing contributions while earning competitive dividends. An IRA Share Certificate locks in a fixed dividend rate for a set term, making it a good option if you’re looking for predictable earnings and don’t expect to need immediate access to your retirement savings. 

A Traditional IRA may offer tax-deductible contributions, while a Roth IRA is funded with after-tax dollars and offers tax-free qualified withdrawals in retirement. The right option depends on your financial goals and tax situation, so we encourage you to consult a qualified tax professional. 

Yes, as long as you meet IRS eligibility requirements and contribution limits. Annual contribution limits are established by the IRS and may change over time. 

Because IRAs are designed for retirement savings, withdrawals may be subject to IRS rules, taxes, or penalties depending on your age and account type. Contact our team or consult a qualified tax professional to discuss your specific situation. 

Yes. Deposits at Floridacentral Credit Union are federally insured by the National Credit Union Administration (NCUA) up to the maximum amount allowed by law. 

You can open an IRA by scheduling an appointment or visiting any Floridacentral branch. Our team can help you choose the IRA option that best fits your retirement goals. 

Visit our Help Center for more frequently asked questions or contact our team. We’re here to help you reach your savings goals.

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Disclosures

1 Consult a tax advisor.

2 Certain exceptions apply, such as healthcare, purchasing first home, etc.

3 Share account rates are declared at month end and are subject to change without notice. Maintenance or activity fees may reduce earnings on account. Contact Floridacentral for complete details. Rates effective as of September 30, 2026.

4 APY - Annual Percentage Yield. APYs are accurate as of September 30, 2026, and are subject to change without notice

5 Monthly Account Fee: This account may be charged a $5.00 monthly fee. This fee will be waived under any of the following conditions: • the first 60 days for new accounts, or • the primary member is under the age of 24, or • the cumulative monthly average balance of $500 or more across all checking, savings, IRAs, Share certificate, and Christmas Club accounts, or • monthly direct deposits total $500.00 or more in savings and checking accounts, or • have an active loan, mortgage, or credit card. The Line of Credit (LOC) and Home Equity Line of Credit (HELOC) must have a balance. Credit cards must have a balance or a transaction in the last three (3) billing cycles.