Overview
Enjoy greater financial security in retirement with a Roth IRA from Fibre Federal Credit Union. Every dollar you contribute could grow substantially over time.
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BENEFITS
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Tax-Free Growth
Enjoy retirement without worrying about taxes. You contribute using money you’ve already paid taxes on.
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Flexible Contributions
Make contributions to your Roth IRA at any age, as long as you have earned income. Easily adjust how much you save to fit your budget.
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No Required Minimum Distributions
There are no mandatory minimum withdrawals. Take greater control over your retirement income.
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Estate Planning
If your account is five years old or older, you may opt to pass your Roth IRA down to your heirs tax-free.
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Investment Options
Choose from various investment options, such as mutual funds, ETFs, stocks, etc.
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Federally Insured
Get peace of mind from the added security of federal insurance up to $250,000, in addition to federal insurance up to $250,000 on your other deposits with us.
ADDITIONAL ROTH IRA DETAILS
It’s easy to save for retirement with our credit union Roth IRA account. We don't charge annual fees, leaving more money for your future.
You’ll enjoy competitive dividends credited monthly, allowing you to grow your retirement savings faster.
The standard annual contribution limit increases for members over 50 years old. Qualified withdrawals at 59½ or older avoid the 10% early distribution penalty. Taxes may apply to withdrawals if you’ve held your Roth IRA for less than 5 years.
Roth IRA RATES
View all RatesCALCULATE YOUR ROTH IRA GROWTH
Discover how best to grow your Roth IRA over time. Use our Roth IRA calculator below to input your savings, age, and retirement goals. See firsthand how minor adjustments can make a major difference in your financial future.
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1
CONTACT US
Give us a call or stop by a financial services center to speak with a representative.
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2
FUND YOUR ROTH IRA
Deposit money to begin your retirement savings journey.
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3
WATCH YOUR MONEY GROW!
Make regular deposits or set up automatic transfers up to the allowable maximum.
I have had interactions with the bank tellers, loan departments, as well as the debit, and fraud departments. Always a pleasure to speak with them, and they do their very best to go above and beyond to resolve any issues I have.
WHY CHOOSE FIBRE FEDERAL?
At Fibre Federal, we put our community first, not outside stockholders. By opening an account with us, you're not just a customer but a part-owner of the credit union.
Joining is easy if you live in select counties of Washington and Oregon or are connected to a current member through family or business.
We're more than just a credit union—you’re joining a family that cares about your financial well-being.
Explore the fantastic features of our Roth IRAs and see how we can help you achieve your retirement goals!
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The annual contribution limit for a Roth IRA is $6,000 for 2023 (or $7,000 if you are 50 or older). This limit applies across all your Roth IRAs.
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Yes, you can withdraw your contributions from a Roth IRA at any time, tax and penalty-free. However, you cannot withdraw earnings without incurring taxes and penalties—unless you meet certain conditions:
- Your Roth IRA account is at least five years old.
- You’re 59½ years old or you meet any of the withdrawals exceptions.
You can find more information regarding Roth IRA distributions on the IRS website.
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No, a significant benefit of a Roth IRA is there are no required minimum distributions during the account owner’s lifetime. This allows your savings to continue growing tax-free.
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Yes, you can. Participating in an employer-sponsored retirement plan does not affect your ability to contribute to a Roth IRA. Your eligibility to contribute is based on your modified adjusted gross income.
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Credit unions like Fibre Federal typically offer more competitive interest rates on Roth IRAs than large national banks. This allows your retirement savings to grow faster over time. Our excellent rates are just one of the many benefits of opening your Roth IRA at our member-focused credit union.
GROW YOUR NEST EGG TAX-FREE
Start saving for retirement now with a Roth IRA from Fibre Federal. Take advantage of tax-free growth and tax-free withdrawals in retirement.
MORE SAVINGS OPTIONS
Assumptions
Retirement age
Calculation assumes that the year you retire, you don't make contributions. If you retire at 67, the calculation assumes your last contribution is at 66.
Inflation
Calculation assumes a 2.9% rate of inflation. This is a common measure of inflation in the U.S. is the Consumer Price Index (CPI). From 1925 through 2018 the CPI has a long-term average of 2.9% annually.
Social Security
Social Security benefits are not considered for this calculation. Social Security is based on a sliding scale depending on your income, how long you work and at what age you retire.
Pensions
Pensions are not considered for this calculation.
Rate of return
Interest compounds monthly. The interest rate specified in calculator is used to calculate your return on savings and investments during and after retirement.
Disclosure
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
All Rates
| Minimum to Open | Minimum Monthly Balance | Minimum to Earn APY | Balance Method | Compounded/Credited | Current Dividend | APY |
|---|---|---|---|---|---|---|
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$5 |
$5 |
$50 |
Daily |
Monthly |
0.49% |
0.50% |
Rate is effective November 21, 2024 and is subject to change.
Also see terms for accounts.
More Features
E-Statements
You can securely view your statements from your mobile device, so you no longer have to worry about losing and shredding your physical statements. E-Statements are an easy way to keep your finances in order!
Peer-to-Peer Payments
You forgot your wallet, and your friend paid the bill, now what? You can quickly and securely send money to others that use online banking, using Peer-to-Peer payments powered by Zelle®.
Financial Wellness Feature
Be more financially mindful by setting up savings goals, budgets, and more. You may not feel like an accountant, but you certainly will feel more in control of your finances.
Transfers
Transfer funds to and from your accounts with us, or to and from your accounts at another institution (Account to Account, A2A).
View Balances and Activity
You can quickly look at your transaction history and how much your accounts hold to help you better keep track of your spending.
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