Traditional IRA
A Traditional IRA2 is potentially tax deductible for most individuals, and your earnings are tax-deferred until you begin taking distributions. You can continue to make contributions as long as you have earned income and you're below the age of 70½. You can invest up to $5,500 per year or, if you're at least 50 years old, up to $6,500 per year.
Learn more via our Traditional IRA brochure.
Roth IRA
While the Roth IRA2 is generally less restrictive than the Traditional IRA. Unlike Traditional IRAs, contributions to a Roth IRA are never tax deductible. However, the money you contribute can be withdrawn tax-free at any time, and, if you qualify, you can withdraw the earnings tax-free as well.
Learn more via our Roth IRA brochure.
Coverdell Education Savings Accounts
A Coverdell Education Savings Account2 or ESA, is designed to help you save for your child's education expenses, including tuition, fees, books, supplies, equipment, and, in some cases, room and board. With an ESA, you make nondeductible contributions that may provide for tax-free withdrawals — including earnings — down the road.
Please refer to our Coverdell brochure for full details.
Looking for a side-by-side comparison? Check out our brochures that cover all of our IRA products and compare both Traditional and Roth IRAs.
Rates are effective as of 03/15/2023
| GOLD IRA Share Savings Dividend |
APY1 |
Minimum Balance |
| 0.10% |
0.10% |
$5.00 |
| GOLD IRA Share Certificate Terms |
Minimum Deposit |
Dividend Rate |
APY1 |
| 6 months |
$500 |
3.93% |
4.00% |
| 12 months |
$500 |
4.41% |
4.50% |
| 24 months |
$500 |
4.41% |
4.50% |
| 36 months |
$500 |
4.41% |
4.50% |
| 48 months |
$500 |
3.93% |
4.00% |
| 60 months |
$500 |
3.93% |
4.00% |
1 APY=Annual Percentage Yield. All rates are subject to change at any time without notice. IRA Share Savings: Minimum $5.00 opening and balance requirement. IRA Share Certificates: Minimum $500 opening and balance requirement. IRA Share Certificate APY is based on the assumption that dividends will remain in the account until maturity and the minimum balance is maintained. After a Certificate is opened, you cannot make additional deposits into the account. Withdrawal requests will reduce earnings and will result in Certificate closure. A penalty will be imposed if you withdraw funds before a Certificate maturity date. Credit Union eligibility and Membership are required prior to opening any GOLD IRA product. See Credit Union for additional terms and conditions. 2 The content provided is for informational purposes only. Nothing stated is to be construed as financial or legal advice. GOLD Credit Union recommends that you seek the advice of a qualified financial, tax, legal or other professional if you have questions.